Oracle co-founder Larry Ellison on Wednesday became the world’s richest person, surpassing Tesla chief Elon Musk, after a dramatic surge in his wealth.
According to Forbes’ real-time billionaire rankings, Ellison’s fortune rose by $101 billion, bringing his total net worth to $395.7 billion. The gain followed a historic rally in Oracle shares, which surged as much as 41% on Wednesday in New York, the steepest increase since 1992.
The rise came after the company issued an aggressive outlook for its cloud business, strengthening its position in the race to meet growing demand for artificial intelligence computing. Oracle’s market valuation now stands at $947 billion.
Also Read: Larry Ellison's net worth swells by staggering $70bn in fierce battle with Elon Musk: Who is he?
This sharp gain pushed him ahead of Musk, whose wealth has seen recent fluctuations linked to Tesla’s market performance.
End of Musk’s year-long run
Ellison’s sharp climb ended Musk’s 300-day reign at the top of the rich list. Musk, who first became the world’s richest person in 2021, had regained the title last year after briefly losing it to Amazon founder Jeff Bezos and LVMH’s Bernard Arnault.
But with Tesla shares down 14% in 2025, the value of Musk’s holdings has slipped, even as the company’s board proposed a $1 trillion pay package for him on September 5. The package ties payouts to ambitious targets, including producing 20 million vehicles annually and one million AI-powered humanoid robots within the next decade.
Ellison’s wealth and Oracle’s rise
Ellison co-founded Oracle in 1977 and continues to serve as chairman and chief technology officer. His wealth is closely tied to the software maker, which had already risen 45% this year before the latest rally.
Under his leadership, Oracle grew from a three-programmer startup into the world’s largest database software supplier and the second-largest provider of business applications. For the second quarter, Oracle projected total revenue growth of 12–14% and cloud revenue growth of 32–36%, signalling continued momentum.
In 2019, Ellison revealed a $1 billion stake in Tesla and joined the company’s board a year earlier to provide regulatory oversight. His personal and financial ties to Musk add another layer to the rivalry at the top of the billionaire rankings.
In June, Ellison had already leapfrogged Jeff Bezos and Meta CEO Mark Zuckerberg to become the world’s second-richest person. His latest gain cements Oracle’s growing strength in cloud services and positions him at the centre of the AI-driven corporate race.
According to Forbes’ real-time billionaire rankings, Ellison’s fortune rose by $101 billion, bringing his total net worth to $395.7 billion. The gain followed a historic rally in Oracle shares, which surged as much as 41% on Wednesday in New York, the steepest increase since 1992.
The rise came after the company issued an aggressive outlook for its cloud business, strengthening its position in the race to meet growing demand for artificial intelligence computing. Oracle’s market valuation now stands at $947 billion.
Also Read: Larry Ellison's net worth swells by staggering $70bn in fierce battle with Elon Musk: Who is he?
This sharp gain pushed him ahead of Musk, whose wealth has seen recent fluctuations linked to Tesla’s market performance.
End of Musk’s year-long run
Ellison’s sharp climb ended Musk’s 300-day reign at the top of the rich list. Musk, who first became the world’s richest person in 2021, had regained the title last year after briefly losing it to Amazon founder Jeff Bezos and LVMH’s Bernard Arnault.
But with Tesla shares down 14% in 2025, the value of Musk’s holdings has slipped, even as the company’s board proposed a $1 trillion pay package for him on September 5. The package ties payouts to ambitious targets, including producing 20 million vehicles annually and one million AI-powered humanoid robots within the next decade.
Ellison’s wealth and Oracle’s rise
Ellison co-founded Oracle in 1977 and continues to serve as chairman and chief technology officer. His wealth is closely tied to the software maker, which had already risen 45% this year before the latest rally.
Under his leadership, Oracle grew from a three-programmer startup into the world’s largest database software supplier and the second-largest provider of business applications. For the second quarter, Oracle projected total revenue growth of 12–14% and cloud revenue growth of 32–36%, signalling continued momentum.
In 2019, Ellison revealed a $1 billion stake in Tesla and joined the company’s board a year earlier to provide regulatory oversight. His personal and financial ties to Musk add another layer to the rivalry at the top of the billionaire rankings.
In June, Ellison had already leapfrogged Jeff Bezos and Meta CEO Mark Zuckerberg to become the world’s second-richest person. His latest gain cements Oracle’s growing strength in cloud services and positions him at the centre of the AI-driven corporate race.
You may also like
Girl, 14, 'almost dragged into car during attempted abduction' on way to school
Danny Jones and Maura Higgins skip winners room at NTAs after awkward on-air reunion
Princess Andre makes a style statement at the NTAs with £55 charm bracelet stack
Top Trump ally Charlie Kirk dead after shooting in Utah
Jeremy Clarkson suffers 'wardrobe blunder' as he addresses weight loss at NTAs
