Larry Ellison, the co-founder and chairman of Oracle, is now closer than ever to becoming the world’s richest man after a historic surge in Oracle’s stock price. Following the company’s first-quarter fiscal 2026 results, Oracle shares jumped nearly 30% in after-hours trading, driving Ellison’s fortune to an estimated $300 billion, according to Bloomberg. This surge in Larry Ellison net worth positions him just behind Elon Musk and places him firmly in contention for the top spot.
Oracle Stock Surge Fuels Larry Ellison’s Wealth
The remarkable boost in Larry Ellison net worth is tied directly to Oracle’s strong business outlook. While reported profits for the quarter were flat at $2.93 billion, investors were far more interested in Oracle’s massive backlog of customer contracts. Oracle disclosed an astonishing $455 billion in remaining performance obligations (RPO), a figure expected to climb past half a trillion dollars within the next year.
CEO Safra Catz confirmed that Oracle signed multiple multi-billion-dollar contracts in the last quarter, primarily within its Oracle Cloud Infrastructure division. This optimism over future growth sent the stock soaring and, in turn, elevated Ellison’s fortune.
As we have seen before, the value of tech leaders’ net worth often moves hand in hand with market sentiment. The latest rally has not only cemented Oracle as a cloud powerhouse but also placed Larry Ellison net worth at an unprecedented level.
The Rise of Oracle Cloud and Ellison’s Fortune
Ellison has been instrumental in steering Oracle toward becoming a dominant player in cloud computing. Once criticized for being late to the cloud race, Oracle is now signing deals with governments, enterprises, and even AI leaders like OpenAI. Analysts expect Oracle Cloud revenues to climb from $18 billion in 2025 to $144 billion by 2031, a trajectory that strengthens the long-term outlook for both the company and Ellison’s personal fortune.
The latest Oracle earnings announcement highlighted a 1,529% surge in multi-cloud database revenue, where customers run Oracle software across competing platforms like Amazon Web Services, Microsoft Azure, and Google Cloud. Ellison himself emphasized that this segment will continue to expand rapidly, backed by 37 new data centers being built worldwide.
For investors, these figures represent a company on a powerful growth path. For Ellison, they translate into a swelling fortune that could soon eclipse Elon Musk’s, showing how we are witnessing one of the biggest wealth shifts in modern history.
Larry Ellison Net Worth vs. Elon Musk
At an estimated $300 billion, Larry Ellison net worth is now second only to Elon Musk’s. The difference, however, lies in the foundation of their wealth. While Musk’s fortune is tied to Tesla, SpaceX, and the volatile world of social media, Ellison’s fortune is backed by recurring enterprise contracts and the rapidly expanding Oracle Cloud division.
This makes Ellison’s wealth appear more stable and less speculative. If Oracle continues to secure billion-dollar contracts at its current pace, analysts believe that Larry Ellison net worth could surpass Musk’s within the next 12 months.
Political and Strategic Influence
Larry Ellison’s influence extends beyond business. He has long maintained connections in Washington, with Oracle securing a massive cloud contract with the U.S. General Services Administration in July. These deals add stability to Oracle’s future revenue streams, reinforcing investor confidence.
Ellison’s strategic bets also include possible hosting of TikTok and major deals with international partners. With such diverse opportunities, his financial empire continues to grow as we watch the transformation of Oracle into a global leader in the digital economy.
The Path Ahead for Ellison
Ellison’s journey from Oracle’s co-founder in 1977 to a near $300 billion fortune underscores his role as one of the most visionary leaders in tech. His relentless pursuit of cloud dominance has changed Oracle’s trajectory and positioned him at the top of the billionaire ranks.
While Elon Musk has often dominated headlines, it is Ellison’s steady, business-driven approach that is now drawing attention. If Oracle delivers on its projections, the world could soon see Larry Ellison net worth take the number one spot globally.
Larry Ellison’s rise is a reminder of how innovation, strategy, and timing can reshape both markets and personal fortunes. As Oracle continues to grow, we may be witnessing the making of the richest man alive.
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