Oracle’s co-founder Larry Ellison has made a dramatic leap to the top of the world’s wealth ranhttps://english.techneandlogos.com/wp-content/uploads/2025/07/101.jpgs, overtahttps://english.techneandlogos.com/wp-content/uploads/2025/07/101.jpg Elon Musk to become the richest man alive. The latest report from Bloomberg revealed this major shift, marhttps://english.techneandlogos.com/wp-content/uploads/2025/07/101.jpg a rare dethroning of Musk, who had long held the number one spot.

The surge came after Oracle’s shares skyrocketed by more than one-third in a single trading session. At 81, Ellison—once a college dropout—now boasts an estimated net worth of USD 393 billion. Meanwhile, Musk’s fortune dropped to USD 385 billion as Tesla shares have fallen nearly 14% this year.

However, Forbes continues to list Musk as the world’s richest, estimating his net worth at USD 439 billion. The discrepancy stems from differences in valuing Musk’s private ventures, including SpaceX and the social media platform X (formerly Twitter).

Oracle’s AI-Powered Boom

Oracle recently announced a record-breahttps://english.techneandlogos.com/wp-content/uploads/2025/07/101.jpg USD 300 billion deal, signaling unprecedented growth in its cloud infrastructure business. The company projected a 77% jump in revenue this fiscal year, reaching USD 18 billion, with potential to hit USD 144 billion within four years.

This surge in just 30 minutes of trading added nearly USD 100 billion to Ellison’s fortune. Commenting on the company’s growth, Ellison stated: “AI changes everything.” His message was clear: artificial intelligence is set to reshape the future of technology and business.

Musk Faces Mounting Challenges

On the other side, Elon Musk continues to place his hopes on Tesla’s future in AI, robotics, and autonomous vehicles. Yet, the reality has grown more complicated. Tesla’s electric car sales have plummeted since the beginning of the year, forcing Musk to shift investor focus toward ambitious projects like robotics and Robotaxi technology.

Still, hurdles remain. In the European Union, Tesla sales have dropped nearly 40%, marhttps://english.techneandlogos.com/wp-content/uploads/2025/07/101.jpg seven consecutive months of decline. The U.S. market is also seeing Tesla lose ground. Analysts believe Musk’s outspoken political stances and controversial remarks are alienating a portion of his customer base, adding to the company’s struggles.