Oracle cofounder Larry Ellison has overtaken Tesla boss Elon Musk to become the world’s richest person.

Naijaonpoint reports that the development comes after Ellison’s fortune jumped to $393 billion.

This was driven by Oracle’s rising earnings from artificial intelligence services.

Musk, who first took the top spot in 2021, now ranks behind with an estimated net worth of $385 billion.

Ellison, 81, remains Oracle’s biggest individual shareholder and has gained from the company’s stock performance, which has doubled this year due to growing demand for AI infrastructure.

His journey to this point began in 1977 when he co-created Oracle after leaving college.

Beyond business, Ellison owns most of the Hawaiian island of Lana’i and played a major role in bringing back the Indian Wells tennis tournament in California, which fans now call the “fifth slam.”

He has also maintained strong ties with U.S. President Donald Trump, joining him at technology events and securing Oracle’s involvement in government projects.

Ellison’s name has also been linked to possible moves to acquire TikTok, though those efforts have yet to materialise.