On Wednesday, September 10, 2025, Oracle’s stock experienced a massive surge after the company announced a strong earnings report and an optimistic forecast for its cloud and AI operations.
Because the majority of Larry Ellison’s wealth is tied to his ownership stake in Oracle, his net worth skyrocketed by over $100 billion in a single day, reaching an estimated $393 billion according to the Bloomberg Billionaires Index. This propelled him past Elon Musk, whose net worth was estimated at $385 billion at the time, placing Ellison as the world’s richest person.
Larry Ellison is a prominent American businessman best known as the co-founder, executive chairman, and chief technology officer of Oracle Corporation, one of the world’s largest enterprise software companies. A two-time college dropout, Ellison co-founded the company in 1977 with an initial investment of just $2,000. He served as CEO for 37 years, pioneering the development of relational databases that became a cornerstone for businesses worldwide.
The lead was very brief. While Ellison’s wealth surge was historic, the value of his holdings quickly fluctuated. By the end of the day, Musk had reportedly regained the top spot as Oracle’s shares settled, and the value of his private companies like SpaceX held steady.
This event highlights the volatility of wealth tied to stock market performance. While Oracle’s shares soared, Tesla’s stock has faced a downward trend this year, reducing the value of Musk’s largest asset.
