Larry Ellison, co-founder and CTO of Oracle Corporation, briefly overtook Elon Musk as the richest person in the world following a major surge in Oracle’s stock.
His net worth jumped by about $100 billion, putting him at roughly $393 billion, while Musk stood at about $385 billion.
This dramatic wealth increase came after Oracle released strong quarterly earnings, exceeding analyst expectations, and reported winning large cloud computing contracts. Demand for Oracle’s cloud and AI services has helped push its market value toward $1 trillion.
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Despite Ellison’s brief win, wealth trackers show that such rankings can shift quickly. Oracle shares dropped slightly after the surge, which may affect how long he remains at the top.
Both men have large, volatile holdings (Ellison via Oracle, Musk via Tesla, SpaceX, and other ventures), so swings in stock prices tend to produce big shifts in their net worth.
Lawrence Joseph Ellison (born August 17, 1944) is an American businessman and entrepreneur who co-founded the software company Oracle Corporation. He was Oracle’s chief executive officer from 1977 to 2014 and is now its chief technology officer and executive chairman.
For now, Ellison holds the title, but observers say it could change again very soon.
