In a historic turn of events, Larry Ellison, the co-founder of Oracle, has overtaken Elon Musk to become the world’s richest person. According to the Bloomberg Billionaires Index, Ellison’s net worth has jumped to $393 billion USD, surpassing Musk’s $385 billion USD and ending his nearly year-long run at the top.
The shift came after Oracle’s stock soared by more than 40% in a single day, marking the largest one-day wealth increase ever recorded by the index. This surge followed Oracle’s impressive quarterly results and strong forecast for its AI-powered cloud business.
Oracle has recently secured multi-billion-dollar contracts with major companies, including OpenAI and Meta, positioning itself as a critical player in powering the artificial intelligence boom. Investors now see Oracle as a backbone of the AI era, providing the infrastructure that drives the next wave of technology.
Meanwhile, Musk’s wealth took a dip as Tesla shares fell, creating the opening for Ellison’s dramatic rise. At 81 years old, Ellison’s ascent to the number one spot showcases both his enduring influence and Oracle’s successful reinvention in the AI age.
This marks a clear signal that the new gold rush in technology is not in gadgets or social media, but in the infrastructure that fuels artificial intelligence.
Detail Info
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Title: Larry Ellison Dethrones Elon Musk as World’s Richest Person
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Current Net Worth: Larry Ellison – $393B | Elon Musk – $385B
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Reason: Oracle’s stock surged over 40% due to strong AI-driven growth
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Key Drivers: Multi-billion-dollar AI cloud contracts with OpenAI & Meta
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Industry Shift: AI infrastructure becoming the new tech gold rush
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Ellison’s Age: 81 years old
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Source: Bloomberg Billionaires Index
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