Oracle co-founder Larry Ellison surpassed Elon Musk after Oracle shares jumped more than 40% in early trading.
Ellison’s 41% stake in Oracle is now valued at $393bn, ahead of Musk’s $384bn, per Bloomberg.
The rise marked Oracle’s largest single-day gain and the biggest one-day wealth increase on Bloomberg’s index.
Ellison, 81, also holds Tesla shares, a sailing team, the Indian Wells Open, and a Hawaiian island.
He served on Tesla’s board from 2018 to 2022 and invested $1bn in Musk’s Twitter purchase.
Musk frequently visits Ellison’s Hawaiian island, and the pair maintain a mentor-like relationship.
Both men have ties to Donald Trump, though Musk’s relationship with the former president has cooled.
Oracle’s value has risen with demand for cloud services powering AI companies like OpenAI.
Musk first became the world’s richest person in 2021 and regained the spot last year before Ellison overtook him.
Larry Ellison Tops Elon Musk as World’s Richest Person
Andrew Rogers
Andrew Rogers is a freelance journalist based in the USA, with over 10 years of experience covering Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. He earned his degree in Journalism from the University of Florida. Throughout his career, he has contributed to outlets such as The New York Times, CNN, and Reuters. Known for his clear reporting and in-depth analysis, Andrew delivers accurate and timely news that keeps readers informed on both national and international developments.
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