Co-founder of Oracle, Larry Ellison, has officially surpassed Elon Musk to become the world’s richest individual, marking a major milestone in the billionaire rankings. His net worth reportedly soared by over $100 billion in less than 24 hours, signaling one of the fastest increases in wealth ever recorded in modern history.
The 81-year-old tech mogul saw his net worth skyrocket to an astounding $393 billion, overtaking Elon Musk’s $385 billion. This sudden wealth surge came after Oracle’s stock price surged an impressive 41%, reaching $338 per share, highlighting the massive market confidence in the company’s growth and future prospects.
Larry Ellison, known not only for his business acumen but also for his high-profile lifestyle, has been an active supporter of former US president, Donald Trump. His political involvement has often made headlines, and his influence extends beyond the business sector into the political and technological arenas.
Recently, Ellison joined Trump at the White House to unveil a groundbreaking $500 billion artificial intelligence initiative, dubbed Stargate. The ambitious project aims to invest heavily in AI infrastructure across the United States, including the establishment of massive data centers and next-generation research facilities designed to accelerate innovation in the field. Analysts believe this initiative played a crucial role in bolstering investor confidence and fueling the rapid rise in Oracle’s stock price, directly contributing to Ellison’s unprecedented net worth surge.
It is noteworthy that Elon Musk, the founder of Tesla and SpaceX, had held the title of the world’s richest individual since 2024, boasting a net worth exceeding $300 billion. Musk’s reign at the top of the billionaire list has now been interrupted by Ellison’s meteoric wealth growth, marking a significant shift in the global rankings of ultra-high-net-worth individuals.
Larry Ellison’s remarkable ascent to the top of the wealth ladder underscores the immense value of his stake in Oracle and the growing importance of technology, AI, and data-driven ventures in shaping global fortunes. Experts predict that Ellison’s position may continue to fluctuate depending on Oracle’s stock performance, AI investments, and broader market trends in the coming months.
