Sep 10, 2025 - Business

Oracle's Larry Ellison surpasses Elon Musk as world's richest person

Nathan Bomey

A person in a blue collared shirt — Oracle chairman Larry Ellison is now the world's richest person. Photo: Jay Hirano/SOPA Images/LightRocket via Getty Images

Larry Ellison has surpassed Elon Musk as the world's richest person after his stock in Oracle skyrocketed.

Why it matters: The 81-year-old Oracle chairman was No. 2 as of Tuesday, having built his wealth over the course of the last five decades with the rise of his software company.

Driving the news: Ellison's net worth totaled $393 billion as of 10:10am Wednesday, putting him ahead of Musk at $385 billion, according to the Bloomberg Billionaires Index.

Ellison's wealth has soared by $101 billion today, making it the biggest one-day increase in the index's history.

The big picture: Oracle offered a growth forecast that stunned investors late Tuesday, sending the stock through the roof, Axios' Ben Berkowitz reported.

Ellison owns about 1.16 billion shares of Oracle, which was up 40% to $338 Wednesday morning.

State of play: Musk remains immensely wealthy, but his net worth had fallen by nearly $49 billion as of Tuesday.

Tesla stock — the biggest source of his fortune — is down 12.3% this year.

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Oracle's Larry Ellison surpasses Elon Musk as world's richest person

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