Oracle’s co-founder, Larry Ellison, has officially passed Elon Musk to become the richest person in the world. This major shift in global wealth rankings comes as Oracle makes huge progress in the fast-growing industries of artificial intelligence (AI) and cloud computing.
For years, Oracle was seen as a strong but not leading player in cloud services. However, Ellison’s bold strategy changed that. One of his biggest moves was securing a large supply of Nvidia GPUs, the powerful chips that are essential for AI development.
By gaining access to these GPUs, Oracle gave itself the competitive advantage it had been missing against tech giants like Amazon, Microsoft, and Google.
The real breakthrough came when Oracle signed a historic $300 billion deal with OpenAI. The agreement focuses on providing massive data center capacity, a critical requirement for training and scaling advanced AI models.
This deal not only boosted Oracle’s role in the AI industry but also caused its stock to surge dramatically, pushing Ellison’s personal fortune to new heights.
Another key factor behind this success is Ellison’s close relationship with Nvidia’s CEO, Jensen Huang. Their partnership has helped Oracle position itself as a serious player in AI, with the resources and technology needed to compete at the highest level.
Today, Oracle is no longer just a traditional software and database company. Under Ellison’s leadership, it has transformed into a dominant force in AI and cloud infrastructure.
This transformation has not only reshaped the company’s future but also secured Ellison’s place as the wealthiest individual in the world.
