Billionaire ranking shake-up: Larry Ellison surpasses Elon Musk with a fortune skyrocketing to $393 billion, a $101 billion surge in a day. Oracle soars to historic heights fueled by AI and cloud technologies.
Oracle’s results sent shockwaves through Wall Street: The stock surged more than 11%, marking its strongest rise since 1999, driven by cloud revenue and artificial intelligence demand. Larry Ellison, 80 years old and owner of approximately 40% of Oracle, saw his fortune explode, surpassing Elon Musk with $393 billion compared to $385 billion, a historic gain in a single trading session.
Oracle is fully capitalizing on the AI wave. Companies are flocking to its cloud services to power their artificial intelligence models, while the company provides the infrastructure that fuels ChatGPT, Claude, and other major AI models. This long-term strategy and its robust databases place Oracle at the heart of technological transformation.
Unlike the more volatile Tesla, Oracle generates massive and consistent profits, offering stability and recurring revenue to investors. Other tech giants like Nvidia, Microsoft, and Amazon are also benefiting from AI, but Oracle distinguishes itself through its strategic positioning on critical infrastructure, allowing Ellison to reap the rewards of his vision.
First lesson: AI is reshuffling the deck in global wealth. Companies mastering this technology are seeing their valuations explode, while those missing the train risk falling behind. The consistency of profits matters as much as growth: Oracle generates recurring revenue via its cloud subscriptions, whereas Tesla depends on car sales, illustrating stability vs volatility. Third point: Age is not a barrier to innovation. Ellison, at 80, demonstrates that a long-term vision on AI can transform a company and a fortune at any age.
This achievement validates Oracle’s cloud and AI strategy. Competitors (Microsoft, Amazon, Google) will intensify their investments to remain competitive, highlighting that AI infrastructure is the new black gold. Companies controlling the “picks and shovels” of AI (servers, databases, chips) generate more value than end applications.
Finally, this explosion of tech wealth echoes the logic of Bitcoin and Ethereum: Early investment in the right technologies creates exponential gains. The difference? Oracle generates real profits, whereas many cryptocurrencies remain speculative. Ellison proves you can multiply your fortune after decades in business by combining strategic vision with mastery of technological revolutions.
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