Oracle co-founder Larry Ellison briefly overtook Elon Musk as the world’s richest person this week, after Oracle’s shares jumped more than 40% on strong forecasts for its cloud and AI business. His fortune hit $393 billion, edging past Musk’s $385 billion, according to Forbes. By the end of the day, however, a dip in Oracle’s stock put Musk back on top.
Musk, who has held the top spot for nearly a year, faces challenges as Tesla shares slide amid political backlash and reduced US support for electric vehicles. Still, he could receive a pay package worth $1 trillion if ambitious targets are met.
Ellison, 81, has expanded his influence beyond software, aligning closely with President Trump. He has backed Project Stargate, a US-based AI initiative, and Oracle has been floated as a potential buyer for TikTok, which faces a possible US ban. Recently, Ellison also helped finance his son David’s $8 billion takeover of Paramount Global, adding media ambitions to his growing empire.
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