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September 10, 2025
Larry Ellison richest person: Elon Musk has slipped from the top spot as the world’s richest person. Oracle cofounder Larry Ellison has taken over the title.
His wealth surged by $101 billion, climbing to $393 billion after Oracle’s strong earnings report on Tuesday. That puts him ahead of Musk, whose net worth is estimated at $385 billion, Bloomberg reports.
Oracle (ORCL) is riding a wave of soaring demand for its data center capacity from AI customers. The boom has driven its stock up 40% as of 11 a.m. ET on Wednesday.
On Tuesday evening, CEO Safra Catz announced that Oracle locked in four multibillion-dollar deals this quarter. She added that more major contracts are likely to follow in the months ahead.
Oracle’s strong forecast is driven by its rising position as a go-to provider of infrastructure for AI firms. Meeting the huge demand for computing power has become central to its cloud and database business.
In July, Oracle revealed an agreement to deliver 4.5 gigawatts of electricity to OpenAI, the company behind ChatGPT, to fuel its AI operations.
Larry Ellison is Oracle’s largest individual shareholder. If the stock keeps rising when markets reopen on Wednesday, he could claim the top spot as the world’s richest person.
A surge like this is highly unusual for a company of Oracle’s scale, valued at just under $700 billion. By Tuesday’s close, it stood as the 13th most valuable company in the market.
According to Bloomberg, Ellison’s wealth jump is the biggest one-day increase ever recorded by its index. The Bloomberg Billionaires Index will release its updated figures after the market closes on Wednesday.
Oracle has grown into a major force in AI technology. It has benefited from the same tech boom that pushed Nvidia to the top as the world’s most valuable company, now worth over $4 trillion.
Microsoft also crossed the $4 trillion mark briefly. The eight most valuable stocks in the S&P 500 are all tech giants invested in shaping an AI-driven future. Riding that momentum, Oracle’s stock is up 103% so far this year.
Musk first rose to the top of the rich list in 2021. His wealth, driven largely by Tesla and SpaceX, kept him there for most of the following years.
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He did lose the crown twice—once in 2021 to LVMH’s Bernard Arnault and again in 2024 to Amazon’s Jeff Bezos. Even so, Musk has consistently bounced back.
He was recently awarded a new compensation deal that could be worth nearly $1 trillion if Tesla reaches certain targets.
Ellison’s path to becoming the world’s richest man started in 1977, when he left college and helped launch Oracle. Now 81, he owns 98% of the Hawaiian island of Lana’i.
He is also credited with breathing new life into the Indian Wells tennis tournament in California, which fans often call the “fifth slam.”
Ellison built a strong relationship with former President Donald Trump. He frequently appeared at the White House for technology events and was linked to Oracle’s government contracts.
He was also rumored to be interested in acquiring TikTok, but that possibility never moved forward.
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