Oracle co-founder Larry Ellison has overtaken Tesla and SpaceX chief executive Elon Musk as the world’s richest man, following a record-breaking surge in Oracle’s share price.
Data from Bloomberg’s Billionaires Index shows Ellison’s fortune rose by more than $101 billion in a single trading day, pushing his net worth to an estimated $393 billion—just ahead of Musk’s $390 billion.
Oracle’s AI Boom
The dramatic wealth jump came on the back of Oracle’s quarterly earnings report, which revealed a wave of lucrative contracts in artificial intelligence (AI) infrastructure and cloud services. Investor confidence sent Oracle’s stock soaring nearly 40%, instantly adding billions to Ellison’s fortune. Analysts described the increase as one of the most significant one-day gains ever recorded.
Musk Slips to Second Place
Musk, who has dominated global wealth rankings for years, slid to second position amid fluctuating Tesla stock prices and growing challenges in the electric vehicle market.
World’s Richest Individuals (September 10, 2025)
- Larry Ellison (Oracle) – $393 billion
- Elon Musk (Tesla, SpaceX, X) – $390 billion
- Bernard Arnault (LVMH) – $201 billion
- Jeff Bezos (Amazon) – $195 billion
Why It Matters
- Ellison’s rise highlights the accelerating impact of AI on global markets.
- The shift underscores how swiftly fortunes can change among the technology elite.
- Once considered a legacy tech firm, Oracle is now reasserting itself as a central player in the AI revolution.
Analysts predict Ellison’s wealth could climb even higher if Oracle continues securing major deals in the fast-growing AI sector.