By Anders
Melin
September 9, 2025 at 8:50 PM PDT
Updated on
September 10, 2025 at 7:24 AM PDT
Takeaways by Bloomberg AIHide
- Larry
Ellison has become the world’s richest person for the first time, ending
Elon Musk’s nearly year-long reign in the top spot.
- Ellison’s
fortune soared $101 billion after Oracle Corp. reported quarterly results
that surpassed expectations and said there’s more growth to come.
- The
increase lifted his total fortune to $393 billion, ahead of Musk who sits
at $385 billion, according to the Bloomberg Billionaires Index.
Larry Ellison has become the world’s richest person for
the first time, ending Elon Musk’s nearly year-long reign in the top spot.
Ellison’s fortune soared $101 billion as of 10:10 a.m. in
New York after Oracle
Corp. reported quarterly
results that surpassOracle’s
Big Deals With OpenAI, Nvidia Fuel Cloud Turnarounded expectations and said
there’s more growth to come.
The increase lifted his total fortune to $393 billion, ahead
of Musk who sits at $385 billion, according to the Bloomberg Billionaires
Index. It’s the biggest one-day increase ever recorded by the index.
Read More: Oracle’s
Big Deals With OpenAI, Nvidia Fuel Cloud Turnaround
Musk became the world’s richest person for the first time in
2021 before losing the title to Amazon.com
Inc.’s Jeff Bezos and LVMH’s Bernard
Arnault. He reclaimed it last year and had held it for just over 300 days.
Ellison, 81, who co-founded Oracle and is now chairman and
chief technology officer, has the bulk
of his net worth tied up in the database software company.
Oracle’s shares, which had already gained 45% this year
through Tuesday’s close, soared 41% Wednesday after the company posted a major
increase in bookings and gave an aggressive outlook for its cloud
infrastructure business. It’s the company’s largest single-day surge ever.
Shares of Tesla
Inc., by contrast, are 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.
Larry Ellison has become the world’s richest person for
the first time, ending Elon Musk’s nearly year-long reign in the top spot.
Ellison’s fortune soared $101 billion as of 10:10 a.m. in
New York after Oracle
Corp. reported quarterly
results that surpassOracle’s
Big Deals With OpenAI, Nvidia Fuel Cloud Turnarounded expectations and said
there’s more growth to come.
The increase lifted his total fortune to $393 billion, ahead
of Musk who sits at $385 billion, according to the Bloomberg Billionaires
Index. It’s the biggest one-day increase ever recorded by the index.
Read More: Oracle’s
Big Deals With OpenAI, Nvidia Fuel Cloud Turnaround
Musk became the world’s richest person for the first time in
2021 before losing the title to Amazon.com
Inc.’s Jeff Bezos and LVMH’s Bernard
Arnault. He reclaimed it last year and had held it for just over 300 days.
Ellison, 81, who co-founded Oracle and is now chairman and
chief technology officer, has the bulk
of his net worth tied up in the database software company.
Oracle’s shares, which had already gained 45% this year
through Tuesday’s close, soared 41% Wednesday after the company posted a major
increase in bookings and gave an aggressive outlook for its cloud
infrastructure business. It’s the company’s largest single-day surge ever.
Shares of Tesla
Inc., by contrast, are 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.
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