September 11, 2025 – In a stunning turn of events, Larry Ellison, co – founder of Oracle, has dethroned Elon Musk to claim the title of the world’s richest person for the first time, according to the latest Bloomberg Billionaires Index.
Ellison’s net worth soared to a staggering 393billion.ThisremarkablejumpwastriggeredbyOracle′squarterlyresults,whichfarexceededmarketexpectations.Thecompanyalsogaveapositiveoutlookonitsfuturegrowthprospects.At10:10a.m.NewYorktime,Ellison′sfortunesurgedby101 billion, surpassing Musk’s $385 billion. This single – day increase marks the largest in the history of the Bloomberg Billionaires Index.
Musk’s journey to the top has been a roller – coaster ride. He first became the world’s richest person in 2021, only to be overtaken by Amazon founder Jeff Bezos and LVMH Chairman Bernard Arnault. Last year, he reclaimed the top spot and held it for over 300 days.
Ellison, aged 81, is not only the co – founder of Oracle but also serves as its chairman and chief technology officer. A significant portion of his wealth is derived from his stake in Oracle.
Oracle’s stock performance has been nothing short of remarkable this year. Up until the close of trading on Tuesday local time, its shares had climbed 45%. Then, on Wednesday local time, following the announcement of a substantial increase in subscriptions and an optimistic forecast for its cloud infrastructure business, the stock price skyrocketed by 41% in a single day, setting a new record.
In stark contrast, Tesla’s stock has been on a downward trajectory this year, falling by 13%. The company’s board has put forward a massive compensation plan. If Musk can achieve a series of ambitious goals, he could potentially become the world’s first trillionaire.
