In a jaw dropping events, Larry Ellison, co-founder of Oracle Corporation, has surpassed Elon Musk to claim the title of world's richest person. This shift happened on September 10, 2025, when Ellison's net worth surged by a record-breaking $101 billion in a single day, bringing attention to his total net worth to $393 billion.
Larry Ellison becomes the world’s richest man after $101 billion Boost
Oracle's exceptional quarterly earnings report covered Ellison's jaw-dropping wealth gain. The tech giant showed a 55% increase in cloud infrastructure revenue and secured $455 billion in future contracts.
This performance increased Oracle's stock price to an all-time high, boosting Ellison's wealth and placing him on the global billionaire list of the richest men.
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Musk's Drop in Wealth
Among the richest people, Elon Musk saw a dip in his wealth, mainly due to a drop in Tesla's stock value. According to the latest reports, Ellison's net worth briefly surpassed Musk's, temporarily allowing Ellison to pass him in the rankings. Musk’s net worth is now around $389 billion.
Oracle’s shares had already gained 45% this year, while Tesla's shares were down 13% this year.
Ellison's Journey to the Top
Ellison co-founded Oracle in 1977 to change database technology. Over the years, Oracle became a tech giant, moving into cloud computing and artificial intelligence. Now, Oracle is a leader in the cloud space and Ellison’s investments have paid off big time.
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Ellison is More Than Just a Businessman
Ellison is known for more than just Oracle. He owns the Hawaiian island of Lanai and has highly donated to science and charity. His wealth comes from his strategic business moves and wise investments.
With Oracle’s strong movement into AI and cloud services, Ellison’s wealth has risen with time. His top highlights are how quickly things can change in the tech world and show how powerful cloud and AI technologies are now. While Musk remains a key figure in tech, Ellison’s recent crossover to the top reminds us how rapidly fortunes can shift in the business world.