Larry Ellison Surpasses Elon Musk as World's Richest Person Following Oracle Stock Surge

1 min read Updated on 10 Sept 2025, 11:36 PM

Reviewed by

Shraddha JScanX News Team

AI Summary

Oracle co-founder Larry Ellison has become the world's richest person with a net worth of $393 billion, surpassing Elon Musk's $385 billion. This change follows a 41% surge in Oracle's stock price after strong quarterly results, adding $101 billion to Ellison's wealth. Oracle's success is attributed to growing AI enthusiasm and increased demand for cloud computing services. The company has secured contracts with OpenAI and is involved in a $500 billion AI infrastructure project called Stargate.

*this image is generated using AI for illustrative purposes only.

Oracle co-founder and CTO Larry Ellison has surpassed Elon Musk to become the world's richest person, with his net worth soaring to $393.00 billion compared to Musk's $385.00 billion. This remarkable shift in wealth rankings comes after Oracle's shares surged by 41.00% following stronger-than-expected quarterly results, adding $101.00 billion to Ellison's fortune.

Oracle's Impressive Performance

Oracle's stock experienced a dramatic surge, significantly outpacing earlier reports of a 26.00% increase. The company's performance has been bolstered by growing enthusiasm for AI and increased demand for cloud computing services.

Ellison's Wealth and Position

The 81-year-old Ellison, who owns approximately 40% of Oracle, has seen his net worth grow exponentially in recent years. His fortune has increased from $59.00 billion in 2020, marking an impressive growth of over 325% in just five years. Ellison previously served as Oracle's CEO for 37 years until 2014.

Oracle's Strategic Moves

Oracle has been making significant strides in the tech industry, particularly in AI and cloud services. The company has:

Secured contracts with OpenAI for data center capacity
Served major clients including Nvidia and TikTok
Involved in a $500.00 billion AI infrastructure project called Stargate

Comparison with Elon Musk

Prior to this development, Elon Musk had held the title of the world's richest person for over 300 days. The recent shift in rankings underscores the volatile nature of wealth tied to company stock performance.

Market Implications

The substantial increase in Oracle's stock price reflects growing investor confidence in the company's strategy, particularly in cloud business and AI. This development not only impacts Ellison's personal wealth but also signifies a shift in the competitive landscape of the tech industry.

As the situation continues to evolve, the tech and financial worlds will be watching closely to see if Ellison can maintain this momentum and solidify his position as the world's wealthiest individual.