Larry Ellison, the co-founder of Oracle Corporation, has officially become the richest person in the world, overtaking Tesla and SpaceX CEO Elon Musk. This is the first time Ellison has reached the top spot, and it happened after an extraordinary rise in Oracle’s stock price.
Ellison’s wealth jumped by an incredible $101 billion in a single day — the biggest one-day wealth increase ever recorded. His net worth now stands at about $393 billion, slightly more than Musk’s $385 billion, according to the latest billionaire rankings.
This dramatic change in fortunes was driven by Oracle’s outstanding financial performance and its growing presence in the cloud and artificial intelligence (AI) market.
Oracle’s Record-Breaking Quarter
Oracle reported its first-quarter results for the fiscal year 2026, and the numbers were much better than expected. The company’s total revenue grew by 12% year-over-year, reaching $14.9 billion.
The most impressive growth came from Oracle’s cloud business, which is now the company’s main focus:
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Cloud revenue rose 28%, reaching $7.2 billion.
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Cloud Infrastructure-as-a-Service (IaaS), which powers AI workloads for other companies, grew a massive 55%.
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Oracle’s Remaining Performance Obligations (RPO) — the value of contracts signed but not yet fulfilled — grew 359% to $455 billion. This means Oracle already has hundreds of billions of dollars of business booked for the future.
This was a huge confidence boost for investors, as it proved Oracle is becoming a major player in the AI infrastructure market — competing with giants like Amazon Web Services, Microsoft Azure, and Google Cloud.
As a result, Oracle’s stock price soared more than 40% in one day, the biggest single-session gain in the company’s history.
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How This Made Larry Ellison Richer
Larry Ellison owns about 41% of Oracle, which means his wealth is tied directly to the company’s stock price. When Oracle’s shares jumped, Ellison’s fortune grew by over $100 billion in a matter of hours.
At 81 years old, Ellison remains deeply involved in Oracle as its Chairman and Chief Technology Officer (CTO). His decision to focus the company on cloud services and AI infrastructure has paid off massively, turning Oracle into one of the fastest-growing cloud companies in the world and making him the richest person alive.
Elon Musk’s Wealth Decline
While Ellison’s fortune soared, Elon Musk’s net worth has fallen in 2025 due to a drop in Tesla’s share price. Tesla’s stock is down about 13% this year, which has erased billions from Musk’s wealth.
Musk first became the world’s richest person in 2021 and has frequently traded places with other billionaires like Jeff Bezos (Amazon founder) and Bernard Arnault (LVMH chairman). Although Musk still has a massive compensation plan that could make him the world’s first trillionaire in the future, his current net worth is no longer enough to hold the top spot.
Why Oracle’s Success Matters
Oracle’s rise is not just about Ellison’s wealth — it reflects a bigger shift in the technology world. The company is positioning itself as a key provider of infrastructure for the AI boom. Businesses everywhere need massive computing power to train AI models and handle large amounts of data, and Oracle’s cloud platform is becoming a go-to choice for many.
Here’s why this is important:
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AI is driving tech growth – Companies that provide infrastructure for AI, like Oracle, are now some of the fastest-growing businesses in the world.
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Enterprise tech is back in focus – For years, companies like Apple, Meta, and Tesla captured most headlines. Now, enterprise-focused companies like Oracle are showing they can deliver huge shareholder value.
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Confidence in leadership matters – Ellison’s continued involvement at Oracle is giving investors confidence that the company has a clear long-term vision.
Global Wealth Rankings Can Change Fast
The battle for the title of “world’s richest person” is very competitive and changes frequently. Over the past few years, Elon Musk, Jeff Bezos, Bernard Arnault, and even Indian industrialist Gautam Adani have taken turns at the top.
Ellison’s rise is a reminder of how quickly fortunes can change when markets move sharply. Just a few months ago, he was several places down the list. Now, thanks to one day of extraordinary stock gains, he has overtaken everyone.
What Could Happen Next
Whether Ellison stays the richest person depends on several factors:
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Oracle’s performance: If Oracle continues to deliver strong growth and hit its cloud targets, its stock could rise further, increasing Ellison’s lead.
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Tesla’s recovery: If Tesla’s stock rebounds later in 2025 or 2026, Musk could easily take back the top spot.
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Market volatility: Global stock markets can move sharply up or down, which directly impacts billionaires’ net worths.
For now, Ellison is on top, but the race for the crown is far from over.
Lessons from Ellison’s Journey
Larry Ellison’s journey to becoming the richest person in the world is an inspiring story. He co-founded Oracle in 1977 and grew it into one of the largest enterprise software companies on the planet. Even in his eighties, he remains an active leader, shaping Oracle’s future and making bold bets on cloud computing and AI.
His story shows that long-term vision and persistence can pay off — even decades after starting a company.
Final Thoughts
Larry Ellison’s rise to the top spot is more than just a headline about billionaire rankings — it is a sign of the growing importance of cloud and AI infrastructure in today’s economy. Oracle’s record-breaking quarter and massive growth in bookings show that businesses are betting big on its technology.
While Elon Musk has been the symbol of innovation with Tesla and SpaceX, Ellison is proving that enterprise software and cloud computing can create just as much wealth and influence.
The coming months will show whether Oracle can maintain this momentum and whether Ellison can stay at the top of the world’s wealth rankings. For now, though, the title of the world’s richest person belongs to Larry Ellison — a man who has spent nearly 50 years building Oracle into a tech giant and is now reaping the rewards of his vision.
