Oracle co-founder Larry Ellison became the world’s richest person after Oracle shares surged 40% in early trading.
Ellison’s 41% stake is now valued at $393bn, slightly above Elon Musk’s $384bn, Bloomberg reports.
The rise marks Oracle’s largest single-day increase and the biggest one-day wealth gain on Bloomberg’s index.
Ellison, 81, also holds Tesla shares, a sailing team, the Indian Wells Open, and a Hawaiian island.
He has a close relationship with Musk, serving on Tesla’s board and investing $1bn in Twitter.
Musk frequently visits Ellison’s Hawaiian island, Lanai, highlighting their long-standing personal and professional ties.
Both Ellison and Musk have connections to Donald Trump, though Musk’s relationship has soured this year.
Oracle’s growth is driven by rising demand for cloud services supporting AI firms like OpenAI.
Musk first became the richest person in 2021, lost the title, regained it last year, and now Ellison leads.
Larry Ellison Surpasses Elon Musk as World’s Richest
Andrew Rogers
Andrew Rogers is a freelance journalist based in the USA, with over 10 years of experience covering Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. He earned his degree in Journalism from the University of Florida. Throughout his career, he has contributed to outlets such as The New York Times, CNN, and Reuters. Known for his clear reporting and in-depth analysis, Andrew delivers accurate and timely news that keeps readers informed on both national and international developments.
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