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Oracle’s Stock Soars on AI Bet, Lifting Larry Ellison to No. 1 on Bloomberg’s Rich List

Bloomberg’s wealth index put Ellison on top after Oracle’s AI-fueled outlook sent shares soaring.

Overview

  • Oracle shares leapt roughly 36% to 40% in a single NYSE session after results and a bullish AI infrastructure forecast, briefly pushing its market value toward $1 trillion.
  • Oracle reported its backlog quadrupled year over year to $455 billion and projected infrastructure revenue rising to $144 billion by 2030 after $18 billion this fiscal year.
  • Ellison’s net worth jumped about $101 billion to roughly $393 billion, the largest one-day increase recorded by Bloomberg’s Billionaires Index.
  • His estimated 41% stake in Oracle amplified the market move into an outsized gain in personal wealth.
  • Rich-list standings differed by methodology, with Bloomberg showing Ellison at No. 1 as some outlets noted Elon Musk back on top later and Forbes never showing Ellison ahead.