Oracle just announced a string of massive AI and cloud contracts—think OpenAI, Meta, and xAI—boosting its future bookings toward a staggering $500 billion. That momentum set off a stock rally that added over $70 billion to Ellison’s net worth in a single day, nudging him ahead of Musk in the wealth rankings. At 81, he’s now officially the world’s wealthiest.
This isn't just a price jump—it’s a power shift. As AI redefines value, Oracle’s leader isn’t just riding the wave—he’s steering it.