Larry Ellison has overtaken Elon Musk as the world’s richest person after Oracle stock skyrocketed, lifting his fortune to $393 billion.

At a Glance

• Oracle stock surged 40% after a blowout growth forecast.
• Larry Ellison’s net worth jumped by $101 billion in one day.
• Ellison now leads Bloomberg’s Billionaires Index at $393 billion.
• Oracle’s rise is fueled by cloud and AI expansion.

Oracle’s Historic Surge

On September 10, Oracle stunned markets with a forecast that shattered Wall Street expectations. The stock exploded 40% in a single session, handing Larry Ellison a $101 billion boost in personal wealth. His fortune hit $393 billion, edging past Elon Musk, whose wealth is tied heavily to Tesla shares.

This was the largest one-day wealth increase ever tracked by the Bloomberg Billionaires Index. Investors rushed to Oracle on belief in its aggressive cloud push and artificial intelligence bets. Analysts say the move signals a major reshaping of investor faith in legacy software firms that reinvent themselves.

Watch now: Billionaire Larry Ellison $110 Billion Richer As Oracle Stock Soars

The surge underscores how tech valuations now dictate global wealth leaderboards. Musk, Jeff Bezos, and Bernard Arnault have all cycled through the top slot. Ellison’s leap is notable for being driven by core business growth, not asset sales or speculative moves.

Ellison’s Long Road to the Peak

Larry Ellison co-founded Oracle in 1977 and built it into a cornerstone of enterprise software. His tenure as CEO lasted until 2014, when he stepped aside to focus on technology strategy as chairman and CTO.

Oracle expanded through acquisitions, including the purchase of NetSuite, to lock in dominance. Its pivot to cloud computing and AI infrastructure won over investors who had once written off the company as stagnant. This transformation gave Ellison his opening to seize the billionaire crown.

Previous reshuffles in wealth rankings tracked market waves, but Oracle’s surge stands out for its scale. It was fueled by strong fundamentals rather than the swings of personal holdings. That distinction matters in a climate where tech valuations face intense scrutiny from regulators and investors.

The Ripple Effect Across Tech

Ellison’s ascent puts pressure on rivals. Oracle’s sharp pivot and investor backing will force competitors to justify their strategies in cloud and AI. Shareholders in Tesla and other giants are now watching for signs of volatility or missed opportunities.

The impact goes beyond bragging rights. Ellison’s fortune and Oracle’s trajectory will influence capital flows, philanthropy, and debates on wealth inequality. Analysts warn that the rapid rise highlights both the promise and the fragility of tech-driven wealth.

For Oracle’s employees and investors, the payoff is immediate. For the broader market, the story is another reminder of how quickly fortunes shift when technology firms exceed expectations. Ellison’s climb may prove a milestone in the new order of billionaire power, but it also raises questions about sustainability.

Sources

CNBC
Bloomberg
Wikipedia