Oracle co-founder Larry Ellison overtook Elon Musk after Oracle shares jumped 40% in early trading.
Ellison’s 41% stake in Oracle is now valued at $393bn, slightly above Musk’s $384bn, per Bloomberg.
The rise marked 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 long been close to Musk, serving on Tesla’s board and investing $1bn in Musk’s Twitter purchase.
Both men have ties to Donald Trump, though Musk’s relationship reportedly soured earlier this year.
Oracle’s growth is fueled by AI demand, supplying cloud services to firms like OpenAI.
Musk first topped Bloomberg’s list in 2021, regained it last year, but has now ceded it to Ellison.
Larry Ellison Tops 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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