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Oracle Surge Briefly Lifts Ellison Past Musk Before Lead Fades by Close

A stock spike driven by Oracle’s aggressive cloud-growth outlook temporarily pushed Larry Ellison to the top of Bloomberg’s wealth ranking before a late pullback restored Elon Musk’s lead.

393 Milliarden Dollar schwer: Oracle-Gründer Larry Ellison
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Overview

  • Oracle shares jumped as much as about 40% after strong results and guidance for its cloud business, then surrendered part of the rally later in the session.
  • Bloomberg’s Billionaires Index briefly showed Larry Ellison at No. 1 with a record single-day paper gain of roughly $100 billion, before Elon Musk finished the day back in first place.
  • Oracle projected Oracle Cloud Infrastructure revenue to rise 77% this fiscal year to $18 billion and outlined long-term cloud targets reaching $144 billion by 2030.
  • The company said remaining performance obligations surged to $455 billion and reported four multibillion-dollar contracts, with coverage highlighting OpenAI as a major customer and TikTok and Nvidia among existing clients; a U.S. GSA engagement was also reported.
  • Divergent methodologies keep rankings fluid as Bloomberg discounts some pledged shares held by Ellison, while Forbes continues to list Musk as the wealth leader.