Larry Ellison briefly overtook Elon Musk as the world’s richest man Wednesday after Oracle stock skyrocketed more than 30% on the back of blockbuster AI deals with OpenAI, Meta, Nvidia, and Musk’s own xAI. Ellison’s net worth jumped by $100 billion in under an hour, lifting him above Musk — though Tesla’s founder reclaimed the top spot by the end of the day as Oracle gave back some gains. Oracle said its cloud business will surge 77% this year, with revenue projected to hit $144 billion within four years, as demand for AI computing explodes. Musk’s wealth has been hit by a 14% drop in Tesla’s stock this year, alongside weak car sales in Europe and the U.S. as investors grow skeptical of his turnaround promises.