Larry Ellison briefly surpassed Elon Musk as the world’s richest person, with a net worth of $393 billion following Oracle’s impressive quarterly results.
In a first, Larry Ellison briefly surpassed Elon Musk as the richest person in the world, ending Space X CEO’s almost year-long dominance.
As of 10:10 a.m. New York time, Ellison’s wealth ballooned to $101 billion following Oracle Corp.’s release of quarterly results.
According to the Bloomberg Billionaires Index, his overall wealth reached $393 billion, surpassing Musk’s $385 billion. It was the most dramatic one-day gain the index has ever seen.
Musk first held the title of richest person in the world in 2021 before conceding it to Amazon founder Jeff Bezos and Bernard Arnault of LVMH. Musk reclaimed the world richest man’s last year and maintained it for over 300 days.
Larry Ellison has become the world’s richest person for the first time, ending Elon Musk’s nearly year-long reign in the top spot.
Larry Ellison’s fortune soared $101 billion as of 10:10 am. in New York after Oracle Corp. reported quarterly results that surpassed expectations and said there’s more growth to come.
The increase lifted his total fortune to $393 billion, ahead of Musk who sits at $385 billion, according to the Bloomberg Billionaires Index. It’s the biggest one-day increase ever recorded by the index.
🔥 NEW: Larry Ellison becomes world’s richest person with $393B, surpassing @elonmusk $385B. pic.twitter.com/Jj2PfB1D3A
— The Coin Republic (@TCR_news_) September 11, 2025
Musk became the world’s richest person for the first time in 2021 before losing the title to Amazon.com Inc.’s Jeff Bezos and LVMH’s Bernard Arnault. He reclaimed it last year and had held it for just over 300 days.
Larry Ellison, 81, who co-founded Oracle and is now chairman and chief technology officer, has the bulk of his net worth tied up in the database software company.
Oracle’s shares, which had already gained 45% this year through Tuesday’s close, soared 41% Wednesday after the company posted a major increase in bookings and gave an aggressive outlook for its cloud infrastructure business. It’s the company’s largest single-day surge ever.
Shares of Tesla Inc., by contrast, are down 13% this year. The company’s board has proposed a massive pay package for Musk that, if he succeeds in meeting a series of ambitious targets, could make him the world’s first trillionaire.
All about Larry Ellison’s investments
The majority of 81-year-old Larry Ellison’s net worth is invested in Oracle, the database software firm he co-founded and currently serves as chairman and chief technology officer.
Following a significant boost in reservations and an optimistic prognosis for its cloud infrastructure business, Oracle’s stock, which had already increased by 45% this year by Tuesday’s closing, surged 41% on Wednesday. The company has never experienced such a significant one-day increase.
In comparison, Tesla Inc.’s stock has dropped 13% so far this year.
If Musk is successful in reaching a number of important objectives, the company’s board has suggested a huge compensation package that may make him the first trillionaire in history.
Who is Larry Ellison? What we know about his family
After being born to a single mother in New York, Larry was reared by an adoptive relative in Chicago. His schooling started out promisingly when he took admission at the University of Illinois at Urbana-Champaign as a science and pre-med student.
But in a sad turn of events, he withdrew right before his final examinations, and his adoptive mother died when he was in his second year. He made the decision to return to school and enrolled at the University of Chicago, where he learned about programming and computers. Unfortunately, Ellison left school again just after one semester.
Larry Ellison vs Elon Musk: Here’s what Forbes real time data says
According to Forbes real time data, Musk’s net worth is estimated to be around $439.4 billion while Ellison’s currently stands at $401.1 billion
Trump ties and media ambitions
Ellison, 81, helped start Oracle in 1977 and rose to prominence in the 1990s, when he became a public figure known as much for his lavish lifestyle as for the database company behind his fortune.
He was Oracle’s chief executive until 2014 and is now the company’s chairman and chief technology officer.
And he has positioned himself as an ally to President Trump.
When Trump returned to the White House in January, Ellison appeared alongside OpenAI’s Sam Altman and SoftBank’s Masayoshi Son to announce a project called Stargate, to build out AI infrastructure in the US.
Oracle has also emerged as a possible buyer of TikTok, the app owned by the Chinese internet company ByteDance. TikTok is facing a ban in the US unless it divests itself of its ByteDance ownership.
In January, when asked whether he was open to Musk buying TikTok, Trump responded: “I’d like Larry to buy it, too.”
Ellison’s media ambitions extend beyond TikTok.
He funded the bulk of a $8bn bid by his son to acquire Paramount, which owns CBS and MTV.
That deal between Paramount and the media company Skydance, which is controlled by his son David, closed last month.
Also Read :
Colorado School Shooting : 2 students wounded in shooting at Evergreen High School