A stunning, AI-fueled rally in Oracle shares pushed Ellison’s fortune to roughly $393–395 billion on Sept. 10–11, briefly putting him ahead of Elon Musk before rankings flipped back as markets settled.
Oracle co-founder Larry Ellison briefly eclipsed Elon Musk to become the world’s richest person after Oracle’s stock leapt more than 40% on blockbuster results tied to surging demand for its cloud services from AI customers. The spike sent Ellison’s estimated net worth to around $393–395 billion on the Bloomberg Billionaires Index.
By late in the trading day, the leaderboard shifted again, with Musk narrowly reclaiming the top spot as Oracle’s gains cooled. The back-and-forth underscored how swiftly billionaire rankings can change when tech shares swing.
Ellison’s wealth is heavily tied to his Oracle stake, which has surged on expectations that AI workloads will accelerate growth in the company’s cloud infrastructure business. Coverage noted the outsized one-day jump in his fortune as Oracle’s market value raced toward the $1 trillion mark.
NBC News also highlighted Ellison’s brief rise to No. 1 amid the rally, reflecting the same Bloomberg tally that tracks real-time net-worth changes for the world’s richest people.
