Elon Musk no longer the world's richest person! Oracle’s Larry Ellison overtakes him after $101 billion gain

Larry Ellison, the co-founder of Oracle, has officially overtaken Tesla CEO Elon Musk to become the world’s richest man in 2025. Ellison’s net worth soared by an extraordinary $101 billion in a single day, marking the largest one-day wealth increase ever recorded in the Bloomberg Billionaires Index.

His fortune now stands at $393 billion, surpassing Musk’s $385 billion. This dramatic shift was fueled by Oracle’s record-breaking earnings report, which sent the company’s stock price soaring. For Musk, the decline in Tesla’s share value has ended his nearly year-long reign at the top. The development underscores the powerful link between corporate performance, stock markets, and the global billionaire wealth rankings.

Larry Ellison becomes the world’s richest man after $101 billion surge

For the first time in his long career, Larry Ellison has claimed the top position on the Bloomberg Billionaires Index. At 81 years old, Ellison’s rise highlights his enduring influence in the tech world and the extraordinary growth of Oracle Corporation. His fortune has now reached $393 billion, surpassing Elon Musk, who had dominated global wealth rankings since 2024.The driving force behind Ellison’s climb was Oracle’s blockbuster earnings report.

The company delivered higher-than-expected quarterly results, a surge in bookings, and an ambitious outlook for future growth in cloud services. This fueled a 41% single-day stock rally, the largest in Oracle’s history. Since Ellison holds most of his wealth in Oracle shares, the stock surge translated into an unprecedented $101 billion personal gain.Meanwhile, Elon Musk’s net worth has slipped due to Tesla’s challenges.

Shares of the electric vehicle giant are down 13% in 2025, dragging his fortune to $385 billion and ending his nearly year-long reign at the top. Despite the setback, Musk remains a strong contender, with Tesla’s board proposing a performance-based compensation plan that could make him the world’s first trillionaire if he meets aggressive milestones.Ellison’s ascent also underscores Oracle’s growing presence in the cloud computing market, where it is increasingly challenging industry leaders Amazon Web Services and Microsoft Azure.

With Ellison serving as chairman and chief technology officer, the company’s bold expansion into cloud infrastructure has redefined its role in global tech and cemented his position as the wealthiest man alive.

Who is Larry Ellison who surpassed Elon Musk

Larry Ellison is one of the most influential figures in the technology industry, best known as the co-founder, Executive Chairman, and Chief Technology Officer (CTO) of Oracle Corporation. Oracle, a global leader in enterprise software and cloud computing, was founded in the late 1970s when Ellison and his team pioneered relational database systems that would eventually dominate the market.For nearly four decades, Ellison served as Oracle’s Chief Executive Officer, shaping its rise from a small start-up into one of the world’s most powerful software companies. He stepped down as CEO in 2014 after 37 years at the helm, but unlike many founders who move aside, Ellison retained direct involvement in the company’s innovation strategy. In his role as Executive Chairman and CTO, he continues to steer Oracle’s research, product development, and long-term direction.Ellison also remains the company’s largest shareholder, owning about 41% of Oracle’s outstanding shares, a stake that forms the backbone of his immense personal fortune. This deep tie between his wealth and Oracle’s performance has made his financial trajectory closely mirror the company’s growth.

Larry Ellison net worth 2025

According to the Bloomberg Billionaires Index, Ellison’s fortune now stands at an extraordinary $393 billion as of September 10, 2025.

This figure reflects the dramatic one-day surge fueled by Oracle’s earnings report and positions him ahead of Musk, whose net worth is currently estimated at $385 billion.The $101 billion leap was not only historic but also symbolic, highlighting how shifts in the technology sector—particularly the cloud computing race—are reshaping the global wealth rankings. Ellison’s rise to the top underscores both the resilience of Oracle under his leadership and his continued relevance as a driving force in Silicon Valley even at the age of 81.Also Read | OpenAI CEO Sam Altman’s unexpected take on Apple’s thinnest iPhone: ‘First new iPhone upgrade I have….’