Larry Ellison has taken the top spot on the global richest list for the first time, surpassing Elon Musk. Oracle’s earnings report released an optimistic forecast and four multibillion-dollar contracts, causing its shares to jump 41% in a single day.
Ellison’s net worth rocketed to $393 billion, overtaking Musk’s $385 billion, marking the biggest one-day increase ever documented by Bloomberg.
Musk, who has alternately held and lost the title since 2021, faces headwinds as Tesla stock has declined in 2025. Ellison’s rise underscores the booming demand for data center and AI cloud services fueling Oracle’s growth.
