Larry Ellison Overtakes Elon Musk, Becomes World’s Richest

Larry Ellison becomes world’s richest man with $393bn fortune.
Oracle’s AI-driven stock surge fuels his wealth, overtaking Elon Musk.
Ellison also owns Hawaiian island Lana’i and backs sports ventures.

Oracle co-founder Larry Ellison has overtaken Tesla CEO Elon Musk to become the world’s richest person, following a sharp rise in his fortune to $393 billion.

The surge in Ellison’s wealth comes as Oracle posts soaring earnings from artificial intelligence services, driving the company’s stock price to double in value this year. Musk, who first claimed the top spot in 2021, now trails behind with an estimated net worth of $385 billion.

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EKO HOT BLOG reports that Ellison, 81, remains Oracle’s largest individual shareholder and has reaped significant gains from the company’s strong performance in AI infrastructure. His billionaire journey began in 1977 when he co-created Oracle after leaving college, turning it into one of the world’s leading enterprise software giants.

Outside his technology empire, Ellison owns nearly the entire Hawaiian island of Lana’i and has been instrumental in revitalising the Indian Wells tennis tournament in California, popularly referred to by fans as the “fifth slam.”

Ellison has also been closely associated with U.S. politics, maintaining ties with former President Donald Trump and involving Oracle in government technology projects. His name has surfaced in previous reports linking him to possible acquisitions, including TikTok, though those efforts have yet to materialise.

With this milestone, Ellison cements his status not only as a tech pioneer but also as the world’s wealthiest individual, riding on the wave of global demand for artificial intelligence.