Larry Ellison Overtakes Elon Musk as the World’s Richest Person with $393 Billion Net Worth

In a stunning turn of events, Oracle co-founder Larry Ellison has overtaken Elon Musk to become the world’s richest person, with his net worth now estimated at a staggering $393 billion.

This dramatic shift was fueled by a historic surge in Oracle’s stock, which skyrocketed more than 40% in a single trading session after the company announced blockbuster earnings. The surge added an unprecedented $101 billion to Ellison’s fortune in just one day, the largest one-day gain ever recorded on the Bloomberg Billionaires Index.

The Power of AI in Oracle’s Growth

Oracle’s success is being driven by its rapidly expanding AI-powered cloud business, which has attracted multibillion-dollar contracts. One of the biggest highlights is a $300 billion deal with OpenAI, which further cements Oracle’s dominance in the AI infrastructure space.

The company’s future revenues also look incredibly strong, with projections showing Oracle could generate $144 billion in AI-related cloud income over the next five years.

Billionaire Rankings Shakeup

• Larry Ellison – $393 billion
• Elon Musk – ~$385 billion

Although fluctuations in tech markets may see Musk and Ellison trade places in the near future, Ellison’s surge marks a defining moment in the global billionaire rankings.

Why It Matters

Ellison’s rise underscores how quickly fortunes can change in the fast-moving tech and AI world. While Musk has long dominated the wealth leaderboard with Tesla, SpaceX, and X (formerly Twitter), Ellison’s focus on enterprise cloud computing and AI infrastructure has propelled him to the very top.

The development is a reminder that the AI revolution isn’t just reshaping industries — it’s reshaping global wealth.