Story perspectives

Larry Ellison Overtakes Musk as World's Richest After Oracle Surge

9/12/2025

Summary

Story summary

On September 10, 2025, Larry Ellison briefly became the world's richest person, surpassing Elon Musk, after Oracle's stock surged nearly 40%.
Ellison's net worth peaked at $393 billion, closing at $383 billion, while Musk's net worth stood at $384 billion.
This surge followed Oracle's strong earnings report and major cloud service contracts, marking the largest single-day wealth increase recorded.
Ellison, 81, co-founded Oracle in 1977 and owns about 41% of the company.
Musk's wealth, primarily linked to Tesla, has declined this year, highlighting the volatility in billionaire rankings driven by tech stock performance.

History

Historical Context

The dot-com bubble peaked in 1999, significantly boosting the wealth of tech entrepreneurs like Larry Ellison and Elon Musk. Ellison's net worth soared to $393 billion, reflecting a 40% stock increase after Oracle's strong earnings. This volatility highlighted the tech sector's unpredictable nature, influencing billionaire rankings and underscoring the lasting impact of tech market fluctuations on individual fortunes.

1 of 2

Story summary

On September 10, 2025, Larry Ellison briefly became the world's richest person, surpassing Elon Musk, after Oracle's stock surged nearly 40%.
Ellison's net worth peaked at $393 billion, closing at $383 billion, while Musk's net worth stood at $384 billion.
This surge followed Oracle's strong earnings report and major cloud service contracts, marking the largest single-day wealth increase recorded.
Ellison, 81, co-founded Oracle in 1977 and owns about 41% of the company.
Musk's wealth, primarily linked to Tesla, has declined this year, highlighting the volatility in billionaire rankings driven by tech stock performance.

1 / 2