Larry Ellison Surpasses Elon Musk to Claim Title of World’s Richest Person: Insights from the Billionaires Index

Larry Ellison recently became the richest person in the world as Oracle’s stock price jumped by over 40%. By 10 a.m. ET, his net worth reached nearly $400 billion, placing him ahead of Tesla’s Elon Musk, who has about $385 billion, as reported by Bloomberg. Other top names like Mark Zuckerberg, Jeff Bezos, Larry Page, and Sergey Brin round out the list of the wealthiest individuals globally.

What’s driving this surge? Oracle announced a massive backlog of over $450 billion in cloud services. They also secured significant contracts with major players such as Nvidia and OpenAI. The company anticipates more multi-billion-dollar clients soon, hinting that this backlog could soon surpass half a trillion dollars.

Ellison’s family is also actively expanding their business influence. Recently, his son, David, completed an $8 billion acquisition of Paramount Global, which includes CBS and MTV. This deal included $6 billion from the Ellison family wealth.

In addition to his business ventures, Ellison has political ties as a notable supporter of President Donald Trump. He recently collaborated with Softbank’s Masayoshi Son and OpenAI’s CEO Sam Altman on a $500 billion data center project using Oracle technology.

Ellison co-founded Oracle 40 years ago. The company’s market value is closing in on $1 trillion, showcasing its growth and Ellison’s enduring influence in the tech industry.

For those interested in the financial landscape, this rapid rise highlights key trends, such as the increasing reliance on cloud computing and AI. As technology evolves, understanding these shifts can provide valuable insights into the future of business and wealth.



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