Ellison Nears $400B, Leads TikTok U.S. Bid

Larry Ellison, 81, has seen his fortune surge this year amid an AI-driven rally in Oracle stock — he owns roughly 41% of Oracle and a large Tesla stake — briefly becoming the world’s richest person before settling at No. 2 with estimates in the high‑$300 billions. Oracle’s booming AI contracts and a massive cloud infrastructure backlog underpin investor expectations for sharply higher future cloud revenue and propelled Ellison’s gains. Ellison is leading the investor group tapped to acquire much of TikTok’s U.S. assets under a Trump‑era executive order and has been publicly backing his son David’s media ambitions, signaling a move into high‑profile conservative political deals. He has pledged to give away 95% of his wealth via the Giving Pledge but is channeling major philanthropic investments into the for‑profit Ellison Institute of Technology at Oxford, including plans for a multibillion‑dollar campus that have faced leadership turmoil and commercialization concerns. His portfolio also includes luxury real estate holdings such as the Eau Palm Beach Resort & Spa.