Dell Technologies founder and CEO Michael Dell has overtaken Oracle co-founder Larry Ellison to become the world’s fifth richest person, according to the Bloomberg Billionaire’s Index. This has been driven by recent gains in Dell Technologies’ stock price.
Dell recently reported strong quarterly results, including a 757% year-over-year increase in AI server revenue. Dell has also raised its expectations for AI-related revenue, now targeting $60 billion this year, up from its earlier forecast of $50 billion.
Michael Dell’s net worth grew to $223 billion, according to Bloomberg’s latest rankings, putting him ahead of Ellison, whose fortune is now $219 billion. Dell now ranks below Elon Musk ($957 billion), Larry Page ($297 billion), Sergey Brin ($276 billion), and Jeff Bezos ($257 billion) on Bloomberg’s wealth list.
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Meanwhile, Ellison has moved to the sixth position. Oracle shares have plummeted since they reached their highest point of the year ($248.15) on June 1. Meanwhile Brin’s estimated net worth fell to $274.1 billion as Page’s dropped to $297.2 billion.
Musk’s wealth had skyrocketed to over $1 trillion following a massive IPO. The IPO priced the biggest-ever U.S. initial public offering at $135 per share, raising a record $75 billion on the sale of 555.56 million shares. However, Musk’s trillionaire status didn’t last long, as SpaceX’s shares plummeted soon after the IPO.
According to reports, the fall in SpaceX’s shares echoes a pattern seen in other mega-IPOs, and Musk’s net worth might be revived if SpaceX bounces back.
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Dell’s roughly 40% stake in his company has led to the surge in his net worth, according to Forbes. Dell Technologies’ stock has climbed well over 200% since the start of the year, when shares traded around the $127 mark. Forbes also mentioned the company benefited from the massive AI server demand during the AI boom.
Ellison has experienced sharp swings in the global wealth rankings in recent years. His net worth surpassed that of Musk for a brief period in 2025. However, he has since fallen back in the rankings as Musk’s wealth continued to increase in 2026. Earlier this month, he climbed to the position of the second-richest in the world. However, a subsequent decline in the stock erased much of those gains, pushing him down the rankings to fifth place last week.