Oracle’s Stunning Rally Changes the Rich List
Larry Ellison has overtaken Elon Musk as the world’s richest man after a record surge in Oracle stock. The software giant’s shares soared by more than 39 percent in New York trading, driving Ellison’s net worth up by an unprecedented $101 billion in just one day.
The historic rally began after Oracle posted quarterly earnings that exceeded market expectations. Strong sales growth and a bullish forecast for its cloud infrastructure business fueled investor confidence.
How Ellison’s Wealth Jumped $101 Billion
Ellison co-founded Oracle in 1977 and still serves as its chairman and chief technology officer. His 41 percent stake about 1.16 billion shares ballooned in value as the stock rallied.
Bloomberg Billionaires Index reported Ellison’s net worth hit $405 billion by late Wednesday morning. Musk, whose fortune now stands at $384 billion, slipped to second place after a decline in Tesla stock earlier this year.
This single-day leap marks the largest gain ever recorded on Bloomberg’s wealth index. It highlights how market momentum can instantly rewrite the billionaire leaderboard.
A Big Moment in Financial History
The 81-year-old Ellison started Tuesday with a net worth of $294 billion. After Oracle’s earnings report, his fortune spiked by $70 billion in after-hours trading. When markets opened, the rally intensified and pushed his gain into triple digits.
This development ends Musk’s nearly year-long run as the world’s richest man. Musk first claimed the top spot in 2021 but has traded places with Jeff Bezos and Bernard Arnault several times over the past three years.
Oracle’s Transformation Pays Off
Oracle’s resurgence underscores its growing role in the global cloud computing race. The company is now challenging Amazon, Microsoft, and Google for dominance in AI-driven enterprise solutions.
Its latest results showed strong bookings and a surge in demand for AI infrastructure, a clear sign of investor trust in Oracle’s strategy. This pivot from a traditional database provider to a leading cloud and AI company is paying off in spectacular fashion.
Musk Still Holds Vast Fortunes
Although Musk has fallen to second place, he remains one of the wealthiest individuals alive. His holdings in Tesla, SpaceX, and other ventures keep him firmly in contention. The shake-up shows how quickly fortunes can shift in today’s volatile markets.
For Ellison, this moment is historic. It is the first time he has claimed the title of world’s richest man, a milestone that cements his influence not only in technology but also in global business leadership.
