Elon Musk has officially lost his crown as the world’s richest person to Larry Ellison, co-founder of Oracle. Ellison’s wealth soared by over $100 billion in a single day as Oracle’s stock jumped more than 40%, driven by booming demand for AI and cloud infrastructure.
At 81 years old, Ellison’s net worth reached $393 billion, surpassing Musk’s $385 billion. This marked the largest single-day gain in Bloomberg’s Billionaires Index history. Oracle’s recent contracts with AI companies, including OpenAI, helped push its value through the roof.
Musk, who first became the richest person in 2021, has faced a challenging 2025 amid Tesla’s stock decline and mixed political fortunes. Meanwhile, Ellison’s rise highlights the growing power of AI infrastructure companies in shaping the tech landscape.
