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Larry Ellison surpasses Elon Musk as the world’s richest person with a $393 billion net worth after Oracle’s record-breaking quarterly performance.
Oracle founder Larry Ellison. (File)
Larry Ellison, the founder of Oracle, has surpassed Tesla CEO Elon Musk to become the world’s richest person with a net worth of $393 billion.
As per the Bloomberg report, Oracle’s Chief Technology Officer (CTO) saw his wealth increase by $101 billion following Oracle Corporation’s exceptional quarterly performance.
Ellison’s net worth soared by $101 billion as of 10:10 a.m. in New York on Wednesday, according to the Bloomberg Billionaires Index. That pushed his wealth to $393 billion, surpassing Musk at $385 billion.
The one-day increase is the largest ever recorded by the index, surpassing the $63 billion gain Elon Musk registered in December 2023.
Shares of the company jumped more than 40% in early trade on Wednesday, reaching an all-time high in their sharpest single-day rise since the dot-com boom of 1999. The company’s shares experienced a dramatic rise after Oracle announced an unexpectedly strong growth projection on Tuesday evening.
Shares of Tesla Inc., by contrast, went 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.
Ellison, 81, co-founded Oracle in 1977 and still holds around 1.16 billion shares, making him the company’s largest shareholder.
Meanwhile, Musk became the world’s richest person for the first time in 2021 before losing the title to Amazon’s Jeff Bezos and LVMH’s Bernard Arnault. He reclaimed it last year and had held it for just over 300 days.
His wealth remains tied largely to Tesla, which has struggled in 2025 amid cooling demand and stiffening competition.
Shobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben…Read More
Shobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben… Read More
New York, United States of America (USA)
September 10, 2025, 22:24 IST
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