Oracle co-founder Larry Ellison overtook Elon Musk after Oracle shares surged 40% in early trading.
Ellison’s 41% stake is now valued at \$393bn, slightly above Musk’s \$384bn, per Bloomberg’s index.
The rise marks Oracle’s largest single-day share increase and the biggest one-day wealth jump ever recorded.
Ellison, 81, also holds Tesla shares, a sailing team, the Indian Wells Open, and a Hawaiian island.
He previously served on Tesla’s board and invested \$1bn in Musk’s Twitter purchase, now rebranded as X.
Ellison has a close relationship with Musk, acting as a mentor and hosting him on his Hawaiian island.
Both are linked to Donald Trump, though Musk’s relationship with the former president has recently soured.
Oracle’s growth is fueled by AI demand, providing cloud services to companies like OpenAI.
Musk first became the world’s richest in 2021, regained the title last year, but now cedes it to Ellison.
Larry Ellison Surpasses Elon Musk as Richest Person
Andrew Rogers
Andrew Rogers is a freelance reporter based in Miami, USA, with over 10 years of experience covering a wide range of topics, including General News, World Affairs, Business, Technology, Politics, Finance, Health, Lifestyle, Sports, and Travel. He holds a degree in Journalism from the University of Florida and is known for his keen eye for detail and dedication to delivering accurate and engaging stories. His reporting keeps readers informed about the latest events and trends across the nation and around the world.
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