Larry Ellison has regained the second position on the Forbes list of the world's wealthiest individuals after shares of his company Oracle surged to a record value following the release of its quarterly earnings.

This shift represents a notable development in the rankings amidst the ongoing advancement in artificial intelligence technology.

Ellison's net worth rose by $26 billion, reaching a total of $243 billion by Thursday noon, marking the largest single-day increase among billionaires, as reported by Forbes.

This increase allowed Ellison to surpass Amazon founder Jeff Bezos, whose wealth totals $227 billion, as well as Meta CEO Mark Zuckerberg, who holds $239 billion, thus reclaiming the second position in the real-time billionaire rankings.

Currently, Ellison's wealth trails only that of his long-time friend Elon Musk, whose estimated net worth stands at $411 billion.

The rise in Oracle's stock price followed the company’s quarterly earnings report, which indicated a record share price exceeding $200.

Oracle’s stock jumped more than 14% after announcing earnings of $1.70 per share and revenues of $15.9 billion for the quarter that ended last month, surpassing New York Wall Street expectations.

Deutsche Bank analyst Brad Zelnik characterized these results as a 'turning point' for Oracle, mentioning in a client note that when Ellison speaks about entering a 'new era of cloud computing', stakeholders should pay close attention.

This remark underscores Oracle's strategic positioning as a key player in generative and agent-based artificial intelligence.

The fiscal year 2026 for Oracle, which commences this month, is anticipated to be a pivotal moment for the company’s core cloud infrastructure services driven by 'huge demand for AI training,' according to TD Cowen analyst Derek Wood.

Oracle, a massive enterprise software company, is well-known for its cloud services and data storage capabilities, particularly for hosting data from the social media platform TikTok in the United States.

Ellison owns approximately 41% of Oracle, a company he co-founded in 1977. The 80-year-old billionaire is no stranger to the public eye, having served on Tesla's board of directors from 2018 to 2022 and donating at least $20 million in support of Republican candidates during the 2022 midterm elections.

He also made headlines for purchasing a Hawaiian island for $300 million and significantly contributed to a record sum paid to attract a top young quarterback to the University of Michigan football team, where his 33-year-old wife Kere Zhu graduated.

Ellison was seen alongside President Donald Trump in January to promote Project Stargate, a joint venture involving Oracle, SoftBank, and OpenAI, aimed at accelerating U.S. advancements in artificial intelligence.