Who Is the Richest Man in the World Right Now?

Larry Ellison is now the richest man in the world. The Oracle co-founder has overtaken Elon Musk. His net worth reached $393 billion on Wednesday morning. Musk now holds $385 billion, according to Bloomberg Billionaires Index.

This shift happened after a surge in Oracle’s stock. Shares rose more than 40% following strong earnings. Investors reacted to Oracle’s cloud growth and AI contracts. The rise boosted Ellison’s fortune, which is tied to Oracle’s value.

Who Is the Richest Man in the World Right Now

Larry Ellison holds the top spot today. He co-founded Oracle in 1977. The company grew into one of the biggest database software firms in the world. In recent years, Oracle expanded into cloud services. That business is now driving its growth.

According to Reuters, Oracle expects its cloud revenue to rise 77% this year. That will take it to $18 billion. Oracle also signed several multibillion-dollar deals with AI companies. These contracts increased investor confidence in its future.

Meanwhile, Tesla shares dropped this year. Elon Musk faced challenges as U.S. policies on electric vehicles shifted. Public reaction to his political involvement also added pressure. This reduced Tesla’s market value and cut into Musk’s fortune.

Why This Matters for Global Business

Ellison’s rise marks a big change in tech leadership. It shows how demand for AI and cloud services is reshaping wealth. Oracle’s role in data centers puts it at the center of that trend. The company is now a key player in powering AI businesses.

Musk’s fall highlights how political and policy risks affect wealth. Tesla is still one of the largest electric car makers. But its dependence on supportive government policy makes it vulnerable. The contrast shows how different industries face different risks.

Larry Ellison is the richest man in the world. His $393 billion fortune places him above Elon Musk. The shift shows how cloud and AI are driving new wealth in technology.

FYI (keeping you in the loop)-

Q1: Who is the richest man in the world today?

Larry Ellison is the richest man in the world right now. His net worth stands at $393 billion after Oracle’s stock surge.

Q2: How did Larry Ellison pass Elon Musk?

Oracle’s stock jumped more than 40% this week. Ellison’s wealth rose as his stake in the company grew in value.

Q3: What is Larry Ellison’s company Oracle doing?

Oracle is expanding its cloud business. It signed big contracts with AI firms and expects strong growth in revenue this year.

Q4: Why did Elon Musk lose his top spot?

Tesla shares dropped due to weaker investor confidence. U.S. policy changes on electric vehicles and Musk’s politics added pressure.

Q5: How much is Elon Musk worth now?

Musk’s net worth is about $385 billion. He held the top spot for almost a year before Ellison passed him.