Overview

• Oracle’s earnings signaled stronger sales and a confident cloud outlook, prompting a sharp revaluation of the stock.
• Shares jumped more than 32% after-hours and were up about 39.6% on Wednesday morning, according to market data.
• Bloomberg’s real-time index briefly ranked Ellison No. 1 before the close showed Musk back on top by about $1 billion, at roughly $384.2 billion to $383.2 billion.
• Ellison holds about 1.16 billion Oracle shares, or roughly 41% of the company, making his net worth highly sensitive to the price move.
• His one-day paper gain was reported at $89 billion, with intraday estimates near $111 billion, and it marked the first time a Jewish billionaire led Bloomberg’s list.