Larry Ellison dethrones Elon Musk as world’s richest person! Oracle CTO’s net worth at $393 billion; all you want to know about him

Larry Ellison has dethroned Elon Musk to become the world’s richest person with a net worth of $393 billion. Oracle’s Chief Technology Officer (CTO) saw his wealth increase by $101 billion as of 10:10 a.m.

in New York, following Oracle Corp.

's exceptional quarterly performance, according to Bloomberg.The 81-year-old executive's net worth expanded significantly after Oracle Corp. presented an optimistic forecast for its cloud operations, resulting in a substantial rise in its share price.The Bloomberg Billionaires Index indicates that Ellison's wealth reached $393 billion, surpassing Musk's $385 billion, as recorded at 10:10 a.m.

in New York. This single-day increase represents the highest gain ever documented by the index.Ellison's ownership of approximately 1.16 billion Oracle shares, which increased 40% to $338 on Wednesday morning, contributed to this wealth accumulation. The company's shares experienced a dramatic rise after Oracle announced an unexpectedly strong growth projection on Tuesday evening.

Who is Larry Ellison?

From humble beginnings as a two-time university dropout, Larry Ellison ascended to become the world's second wealthiest individual in July, surpassing both Amazon's Jeff Bezos and Meta's Mark Zuckerberg, with his fortune reaching approximately $276 billion.

His remarkable achievement stands out particularly because he lacks the university credentials that many billionaires possess.Born to a single mother in New York, Ellison grew up with adoptive family members in Chicago. His academic journey began at the University of Illinois at Urbana–Champaign, where he pursued studies in science and pre-medicine, initially showing academic promise.His educational path took an unfortunate turn when his adoptive mother died during his second year, leading him to leave before completing his final examinations.

He subsequently attempted further education at the University of Chicago, where he discovered his interest in computer science and programming. Yet, after a single semester, he decided to permanently discontinue his university studies.Driven by technical expertise and entrepreneurial aspirations, Larry Ellison relocated to California in the early 1970s to pursue a career in programming. During his stint with various programming contracts, his assignment at Ampex proved decisive for his future endeavours.The development of a classified database "Oracle" for the CIA marked a significant milestone. Subsequently, in 1977, Ellison, along with two colleagues, established Software Development Laboratories with an initial investment of $2,000, which later evolved into Oracle Corporation.Oracle's public listing in 1986 initiated a period of intense competition with established organisations like IBM and Sybase, leading to innovations in enterprise data management and cloud solutions.

As of 2025, Oracle has established itself as a prominent player in cloud computing and artificial intelligence.The organisation's substantial investments in AI infrastructure, sovereign cloud services, and collaborations with OpenAI and NVIDIA have contributed to its remarkable market valuation exceeding $600 billion. Despite relinquishing his CEO position in 2014, Ellison maintains his influence as Executive Chairman and CTO.The 81-year-old business magnate accumulated his fortune throughout five decades alongside the expansion of his software enterprise.