Larry Ellison Overtakes Elon Musk as World’s Richest Man
In a major shake-up at the top of the global wealth rankings, Oracle co-founder Larry Ellison has surpassed Tesla and SpaceX CEO Elon Musk to become the world’s richest person.
According to the latest data from global financial trackers, Ellison’s net worth surged past Musk’s following a strong performance by Oracle’s stock and a slight dip in Tesla’s market valuation. This shift highlights the dynamic nature of billionaire wealth, which is often tied closely to the performance of tech companies and public markets.
Ellison, who co-founded Oracle in 1977, has seen his fortune grow significantly in recent years as the enterprise software giant expands its footprint in cloud computing and artificial intelligence. With strategic investments and consistent growth, Oracle has positioned itself as a major player in the tech industry, boosting Ellison’s personal wealth in the process.
Elon Musk, long considered one of the most influential and wealthiest figures in the tech world, remains a close second. His wealth continues to be heavily linked to Tesla stock, which has seen fluctuations due to market volatility and ongoing challenges in the electric vehicle sector.
The new ranking places Ellison at the top of a competitive list that includes other tech titans such as Jeff Bezos, Bernard Arnault, and Bill Gates. It also reflects a broader trend of shifting fortunes among billionaires amid evolving market trends in artificial intelligence, cloud services, and automation.
As financial markets continue to respond to global tech trends, Ellison’s rise to the top spot underscores the growing influence of enterprise software and cloud computing in shaping the future of the global economy.
