In a dramatic financial shake-up, Oracle co-founder Larry Ellison has overtaken Tesla CEO Elon Musk to become the world’s richest person, according to Forbes’ real-time billionaire rankings. On September 10, 2025, Oracle’s stock surged 41% in New York trading—its steepest jump since 1992—boosting Ellison’s wealth by $101 billion in a single day.
Ellison’s total net worth now stands at $395.7 billion, pushing him past Musk, whose fortune has been hit by fluctuations in Tesla’s stock performance.
The AI and Cloud Boom Driving Oracle
- The surge in Ellison’s fortune comes as Oracle issued a strong growth outlook for its cloud services, especially in artificial intelligence (AI) computing.
- Oracle’s market valuation now nears $947 billion.
- The company projected revenue growth of 12–14% for the upcoming quarter.
- Cloud revenue is expected to grow 32–36%, underscoring its role in the AI race against rivals like Microsoft, Amazon, and Google.
- This positions Oracle at the heart of the global shift towards AI-driven enterprise solutions, a sector expected to dominate corporate investments for the next decade.
End of Musk’s 300-Day Reign
- Ellison’s rise ends Musk’s nearly year-long run at the top of the billionaire charts.
- Musk first became the world’s richest person in 2021, holding the spot intermittently.
- He briefly lost the title to Jeff Bezos and Bernard Arnault before reclaiming it.
- Tesla’s stock, however, is down 14% in 2025, eroding Musk’s wealth despite the company’s board proposing a $1 trillion pay package for him, tied to ambitious goals like:
- Producing 20 million vehicles annually.
- Manufacturing 1 million AI-powered humanoid robots within 10 years.
Ellison’s Wealth Journey
Larry Ellison, who co-founded Oracle in 1977, remains its chairman and chief technology officer. His fortune is deeply linked to Oracle’s success,
- The company has risen 45% in value in 2025 alone, even before this week’s record rally.
- Ellison had earlier surpassed Jeff Bezos and Mark Zuckerberg in June 2025 to rank second-richest globally.
- Beyond Oracle, Ellison revealed a $1 billion stake in Tesla in 2019 and joined its board in 2018, adding a personal twist to his rivalry with Musk.
Under Ellison’s leadership, Oracle has grown from a small three-programmer startup into,
- The world’s largest database software supplier.
- The second-largest business applications provider globally.
Static Facts and Takeaways
- Larry Ellison Net Worth: $395.7 billion (Forbes Real-Time Ranking).
- Company: Oracle (founded in 1977).
- Oracle Market Value: $947 billion.
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