Larry Ellison Becomes World’s Richest, Surpassing Elon Musk

Oracle co-founder Larry Ellison has overtaken Elon Musk as the world’s richest person after Oracle shares surged.
His 41% stake is now valued at $393bn, compared with Musk’s $384bn fortune, according to Bloomberg.
Oracle stock jumped more than 40% in early trading to $340 a share, valuing the company at $958bn.
It marked Oracle’s largest single-day increase and the biggest wealth gain ever on Bloomberg’s index.
Ellison, 81, also owns Tesla shares, a Hawaiian island, a sailing team, and the Indian Wells Open tennis event.
Musk and Ellison share close ties, with Ellison investing $1bn in Musk’s Twitter takeover in 2022.
Musk frequently visits Ellison’s Hawaiian island, Lanai, according to Walter Isaacson’s biography.
Both billionaires have shown political support for Donald Trump, though Musk’s ties soured earlier this year.
Oracle’s rise comes from surging demand for cloud services to power AI firms like OpenAI.
Musk, who leads Tesla and SpaceX, first became the richest person in 2021 and briefly lost the title to others.
After regaining it last year, he now cedes the spot again to Ellison.