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yesterday

Oracle Surge Briefly Lifts Larry Ellison Past Elon Musk on Bloomberg Rich List

Bloomberg’s real-time ranking reflected an AI-fueled spike in Oracle shares, while Forbes’ estimates showed a different order that flipped again with subsequent market moves.

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El boom de la Inteligencia Artificial ha provocado un cambio en la cima de la riqueza global. Elon Musk perdió su título a favor de Larry Ellison, de Oracle, luego de que la compañía presentara resultados excepcionales impulsados por su infraestructura para IA.

Overview

  • Oracle stock jumped roughly 35%–41% after its quarterly update, as investors reacted to stronger cloud-infrastructure guidance tied to artificial intelligence demand.
  • Larry Ellison’s fortune rose by about $100 billion on the day, driven by his roughly 41% Oracle stake, which Bloomberg said marked the largest single-day increase ever in its index.
  • Oracle reported $2,927 million in net income and $14,926 million in revenue, and CEO Safra Catz said the company signed four multibillion-dollar contracts as backlog swelled 359% to $455 billion.
  • Rankings diverged across trackers: Bloomberg briefly listed Ellison at No. 1, while Forbes continued to place or later returned Elon Musk to the top following fresh market moves.
  • Follow-on trading underscored the volatility, with reports noting Oracle shares later eased and Tesla gained, reinforcing how AI-driven repricing and methodology differences can rapidly reshuffle wealth leaderboards.