Larry Ellison, the co-founder of Oracle, has become the world’s wealthiest person, overtaking Elon Musk in a dramatic shift at the top of the global billionaire rankings. This unprecedented ascent is a direct result of Oracle’s strategic pivot and explosive growth in the artificial intelligence (AI) cloud sector.
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The co-founder of Oracle, Larry Ellison, has become the world’s wealthiest person, overtaking Elon Musk
Following a recent earnings report that exceeded all expectations, Oracle’s stock surged by over 40%, the company’s largest single-day gain since 1992. This monumental increase in share price, in which Ellison owns a substantial 41% stake, added over $100 billion to his net worth, bringing his total fortune to approximately $395.7 billion. 💰
The AI-Powered Ascent
Oracle’s financial success is a testament to the surging demand for AI computing infrastructure. The company has aggressively expanded its cloud offerings, specifically targeting the needs of AI innovators. By signing multi-billion-dollar contracts with leading AI companies like OpenAI and xAI, Oracle has positioned itself as a critical player in the AI race.
This shift from its traditional database software business to a high-growth cloud and AI powerhouse has captured the attention of investors. The company’s forecast for its cloud business projects revenue to reach a stunning $144 billion by fiscal year 2030, which has fueled investor confidence and propelled the stock to new heights.
A Tale of Two Fortunes
This development highlights the divergent paths of two of the world’s most prominent technology magnates. While Ellison’s wealth is on a steep upward trajectory, fueled by Oracle’s AI-driven momentum, Musk’s fortune, which is largely tied to Tesla, has seen recent fluctuations. Tesla’s shares have faced challenges, declining in 2025 due to a combination of market pressures and consumer pushback related to Musk’s political involvement.
This contrast underscores a broader trend in the tech industry: valuations are increasingly being driven by a company’s ability to capitalize on the AI boom. As the AI landscape continues to evolve, the race for the top spot among the world’s richest will likely remain dynamic, with fortunes rising and falling in lockstep with the success of AI-related ventures.
Larry Ellison vs Elon Musk: The Race to the Top
For more information on the rise of Larry Ellison, you can watch this video on the topic: Larry Ellison vs Elon Musk: The Race to the Top. This video explores the rivalry between the two billionaires and how Ellison’s wealth has surged to rival Musk’s.
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