In a historic shake-up at the very top of global wealth rankings, Oracle co-founder Larry Ellison has overtaken Elon Musk to claim the title of the world’s richest individual. According to the Bloomberg Billionaires Index, Ellison’s net worth has soared to $393 billion USD, surpassing Musk’s $385 billion and ending his nearly year-long reign at the summit.
A Record-Breaking Wealth Surge
Ellison’s sudden leap is tied to a record-setting single-day wealth increase—the largest ever tracked by the index. The surge came after Oracle shares skyrocketed by more than 40%, fueled by stronger-than-expected quarterly earnings and an optimistic outlook for the company’s AI-powered cloud services.With Oracle securing multi-billion-dollar contracts with heavyweights like OpenAI and Meta, investors are betting big on its role as a core provider of the infrastructure driving the artificial intelligence boom.
The Shift in Tech’s Wealth Landscape
While Musk’s fortune has dipped following a decline in Tesla’s stock, Ellison’s meteoric rise underscores a larger trend: the new wealth frontier in technology is not in social media or consumer gadgets, but in the backbone of AI computing.An 81-Year-Old at the Top
At 81 years old, Ellison’s ascent to number one reflects not only Oracle’s successful reinvention but also his enduring influence in the tech world. His wealth surge highlights how the AI revolution is reshaping markets and rewriting the map of global billionaires.Larry Ellison’s story is more than a milestone in personal fortune—it marks a new chapter in the race to dominate the digital infrastructure of the future.
