The $101 Billion Day That Dethroned Elon: How Oracle Just Flipped the Billionaires Leaderboard

In less than 24 hours, the world’s richest person changed. Larry Ellison didn’t chip away at Elon Musk’s lead—he obliterated it.

The Numbers Are Insane

Oracle dropped earnings yesterday. The market didn’t just like it—it went nuclear. The stock soared 41% in a single trading session, adding $101 billion to Larry’s net worth in one day. That’s not hyperbole; Bloomberg confirmed it as the largest one-day wealth gain ever recorded. Larry crossed the $393 billion threshold, leaving Elon (now at $385 billion) in the dust.

For context: Oracle stock had already climbed 45% year-to-date before yesterday. Then this happened. The company’s cloud infrastructure bookings blew past expectations, and investors rewarded it with Oracle’s biggest single-day jump in company history.

Meanwhile, on the Other Side

Tesla stock? Down 13% for the year. Elon held the top spot for roughly 300 days after reclaiming it in 2021 (he’d lost it to Jeff Bezos and Bernard Arnault before that). Now he’s watching from second place.

Who Is Larry Ellison, Anyway?

He co-founded Oracle in 1977 and still runs it as executive chairman and CTO. His entire fortune is basically Oracle equity—he owns 42.9% of the company. The wealth compounding is wild: $28 billion in 2010 → $44 billion by 2012 → $66.8 billion by 2020 → $393 billion today.

Along the way, he grabbed pieces of Salesforce, bought the Hawaiian island Lānaʻi, and even briefly held Tesla shares on its board (December 2018 to August 2022).

What Happens Next?

Elon’s board is dangling a potential trillionaire payday if he hits certain milestones. But that’s a maybe. Right now? It’s Larry’s world. Oracle just proved why cloud infrastructure matters in the AI era—and that bet just paid off spectacularly.