Larry Ellison moved ahead of Jensen Huang on August 10, taking the No. 7 spot on Forbes' real-time global wealth tracker as Oracle shares climbed and Nvidia shares fell. Ellison's estimated fortune reached $192 billion, while Huang's dropped by nearly $4 billion to $188.6 billion.
The shift was sharp enough to redraw the top of the billionaire rankings in a single market session. Ellison sat just behind Mark Zuckerberg at No. 6 with $205.8 billion, while Steve Ballmer trailed Huang at No. 9 with $156.2 billion, a reminder that the gap between the world's richest people can move fast when a few stock prices swing hard.
Oracle ended the day at $151.05, up 2.74% from the previous session. Nvidia finished at $217.55, down 2.86%. For Ellison, whose wealth is heavily tied to Oracle stock, the gain was enough to lift him over Huang, whose fortune tracks Nvidia's market value almost dollar for dollar.
The pressure on Nvidia came even as the company moved to frame one of its biggest AI financing efforts of the year. On August 10, The Financial Times reported that Nvidia was working with Apollo Global, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR on a $500 billion funding pipeline for AI infrastructure investments. Nvidia later said that same day it had signed a memorandum of understanding with the six firms to mobilize over $500 billion in third-party capital for AI infrastructure.
That did not stop the market from selling the stock. In a CNBC interview on August 10, Huang said the six firms were the only ones approached for the financing and that none declined, but investors still marked the shares lower. Larry Fink called the framework the beginning of the next future in financial engineering and compared it with the creation of mortgage-backed securities in the 1970s, yet the reaction suggested Wall Street was not ready to reward the plan simply because it was large.
The contrast is stark. Oracle had been down 23% year-to-date before its rebound, while Nvidia had been up 17% before the August 10 slide. That is why a single day mattered so much: Ellison's rise and Huang's loss were not abstract ranking changes, but a direct result of where the market chose to put its money. The unanswered question is how much of Nvidia's drop came from the financing plan itself and how much came from the earlier report that set the market's tone before the company confirmed the deal.
