Larry Ellison’s wealth surged by $88.5 billion on Wednesday, marking the largest single-day increase ever recorded by Bloomberg’s Billionaires Index, driven by Oracle’s stock rally. This surge, fueled by optimistic forecasts for cloud infrastructure revenue growth and significant AI-related contracts, briefly propelled Ellison past Elon Musk as the world’s richest person. Oracle’s market value soared, nearing the $1 trillion mark.