Larry Ellison rises to the top of the wealthiest after Oracle's rally

The name of Larry Ellison makes headlines again: The Oracle co-founder has climbed to the top of the ranking of great fortunes after a stock market session that shook Wall Street.The rise in the value of your company, fueled by AI-linked cloud computing contracts, has triggered a movement that changes the order of the millionaire podium.

With a share package close to 41% of Oracle, Ellison has seen his wealth jump ahead of Elon Musk's, according to the Bloomberg Billionaires Index, until touching the 393.000 millionThe increase is supported by an avalanche of orders and forecasts that, without embellishment, have surprised both insiders and outsiders.

What happened on the stock market

The session was electric: Oracle shares soared more than 40% and hit a new all-time high around $344 by stock, a reaction rarely seen for the company since the 90s. This rebound has placed its stock market valuation around 967.000 billion dollars, leaving the company on the verge of the select billion-dollar club.

The revaluation has been so intense that, in turn, Ellison's assets would have grown in the order of tens of billions of dollars in a matter of hours. The market had been pushing the value up for weeks, but the latest push comes after figures and objectives that reinforce the narrative of AI as a demand driver on the cloud.

To put this into perspective, the stock had already accumulated a notable improvement this year before this jump, and the day's mark has been considered by many managers as Oracle's biggest daily gain since its IPO in 1992The attraction of the data center infrastructure business, key to the AI ​​wave, has been the catalyst.

The contagion has reached other players in the ecosystem: chip manufacturers and suppliers linked to high-performance computing showed progress, reflecting that The market buys the argument that demand for capacity will not cool down in the short term..

AI and the cloud: the big push

The biggest push comes from the ongoing contract portfolio (RPO), that rises 359% year-on-year to 455.000 millionThe management spoke of four multi-million dollar contracts signed with three different clients in the quarter, and anticipated additional deals of similar size in the coming months.

In parallel, Ellison focused on the rise of multicloud model and how Oracle databases integrate with vendors like Amazon, Google, and Microsoft. According to Ellison himself, database revenue multicloud grew at an extraordinary rate 1.529% in the first quarter, a sign of traction in production deployments.

The proper names are not minor: the company confirmed cloud relations with OpenAI, xAI, Meta, Nvidia and AMD, among other technological partners. In its roadmap, the company has anticipated Oracle AI Database, a service that will allow you to leverage models from different providers—such as Gemini, ChatGPT, or Grok—directly on corporate data.

CEO Safra Catz projected revenue from the cloud infrastructure division to reach around 18.000 million in 2026, describing a pace of expansion well above what the consensus expected. The underlying message is clear: the demand for data center capacity is ahead of supply.

The first position on the list of fortunes

Oracle's jump has placed Larry Ellison ahead Elon Musk on the Bloomberg Net Worth Index. With the company approaching $41 trillion and a XNUMX% stake in the company, the executive's wealth amounts to approximately 393.000 million, surpassing the nearly 385.000 million from Musk.

The background also influences: Tesla has seen weaker stock market performance recently - with falls of around 25% since December—, which weighs on the South African businessman's assets. Meanwhile, the narrative of the AI infrastructure has played in favor of Oracle and its founder.

Ellison, 81, maintains an active presence in the company's strategy as President and Chief Technology OfficerA keen connoisseur of Spain—he spent time in Valencia during the America's Cup sailing competition—his name is once again at the center of the debate over leadership in the new wave of technology investment.

Capacity, data centers, and next steps

The challenge, admitted by the company itself, will be add capacity quickly to meet new demand. The market is talking about large-scale agreements—such as the Stargate, in collaboration with OpenAI and SoftBank, initially valued at around half a trillion dollars—which will require sustained investments in infrastructure.

Plans to supply massive power to AI clients have also emerged: previous reports pointed to a 4,5 GW lease of computing capacity intended for OpenAI, supported by the development of several data centers in the United States. The idea is to accelerate the deployment to cover training peaks and, above all, the development phase. inference, where Ellison sees an even bigger market.

The competitive context is demanding: Amazon, Microsoft, Alphabet and Meta They continue to increase their investment in data centers and AI components, with aggregate figures reaching hundreds of billions over several years. Even so, Oracle claims a differential in cost and speed of implementation to capture that demand.

The pulse of the sector leaves a provisional conclusion: If the race for AI continues at this pace, capability will be the new currency.For Oracle, that equation—firm contracts, capex, and execution—is what has brought Ellison to the top of the fortune rankings and which will set the bar in the coming quarters.

Larry Ellison's rise, fueled by Oracle's historic valuation and an unprecedented portfolio of cloud and AI deals, epitomizes the industry's current momentum: A runaway demand for infrastructure, fierce competition for computing capacity, and an investment map that is being recalibrated at rapid speed.With these pieces, the New York businessman has overtaken Elon Musk and placed his company at the center of the technological board.