A significant change in the global wealth rankings has taken place as Oracle co-founder Larry Ellison has officially become the world’s wealthiest individual. This unprecedented shift in fortune was triggered by a dramatic surge in Oracle’s stock price following an exceptional earnings report. The company announced several major cloud contracts worth billions of dollars, capitalizing on the booming demand for artificial intelligence infrastructure. Ellison’s net worth saw an estimated $101 billion increase, pushing his total wealth to approximately $393 billion. Meanwhile, Elon Musk’s wealth, largely tied to Tesla, has taken a hit this year due to the electric vehicle company’s stock performance. This combination of Oracle’s meteoric rise and Tesla’s challenges led to the first-time change in Musk’s position as the world’s richest person since last year. The 81-year-old Ellison, a self-made tech pioneer who founded Oracle in 1977, now holds the record for being the oldest individual to ever achieve this milestone. This swift shift highlights the immense financial impact of the AI revolution and reshaping the landscape of tech giants overnight.