Larry Ellison Briefly Overtakes Elon Musk as World’s Richest Person

Oracle founder Larry Ellison briefly became the world’s richest person on Wednesday after shares of his company surged more than 30% at the open, Doloresz Katanich reported for Euronews.

Oracle’s strong earnings contrasted with Tesla’s decline, with Musk’s carmaker down more than 8% this year. (Photo: Oracle PR Flickr) 

The rally, fueled by multibillion-dollar AI-related orders, temporarily lifted Ellison’s net worth to $383.2 billion (€327.7b), edging past Tesla CEO Elon Musk’s $384.2 billion (€328.6b).

Musk regained the top spot by day’s end as Oracle’s stock gave back some gains, Bloomberg reported.

Oracle’s strong earnings contrasted with Tesla’s decline, with Musk’s carmaker down more than 8% this year. Beyond Tesla, Musk also controls private companies including SpaceX, his AI startup xAI, and X, the social media platform formerly known as Twitter, the Associated Press (AP) noted.