Larry Ellison, CEO of Oracle Corporation (TORU YAMANAKA/AFP via Getty Images)AFP via Getty ImagesWith data center spending hitting record highs thanks to the boom in AI, it’s no wonder Larry Ellison, cofounder, chair and chief technology officer of cloud giant Oracle, is now rivaling Elon Musk for the title of World’s Richest Man.The company reported a 359% jump in order backlog during its first quarter 2026 earnings call, sending its stock soaring 36% for the day. This landed Ellison, who owns more than 40 ...