Overview
- Ellison’s net worth touched about $393 billion during Wednesday’s trading, topping Musk’s roughly $385 billion on the Bloomberg Billionaires Index.
- Oracle shares jumped more than 40% at the open and closed up about 36% after results highlighted booming demand for AI infrastructure.
- CEO Safra Catz pointed to multibillion‑dollar contracts with OpenAI, Nvidia and xAI and cited an order book of about $455 billion.
- Ellison’s roughly 41% stake in Oracle amplified the move, producing the largest single‑day gain ever recorded by Bloomberg’s wealth index.
- Rankings remain volatile, with reports noting Musk edged back ahead by the close and Forbes’ 2025 list still placing him at No. 1.