New York, September 11 | SKY LINK TIMES
Oracle’s legendary co-founder and Chief Technology Officer Larry Ellison has officially become the world’s richest person, surpassing Tesla CEO Elon Musk, following a historic rally in Oracle’s stock on the New York Stock Exchange (NYSE).
According to Forbes’ real-time billionaire rankings, Ellison’s fortune jumped by a staggering $101 billion in a single day, taking his total net worth to $395.7 billion. This remarkable surge came as Oracle shares soared 41% on Wednesday, marking the steepest rise in the company’s history since 1992.
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Oracle’s AI and Cloud Push Fuels Historic Rally
The unprecedented growth in Ellison’s wealth is directly linked to Oracle’s strong performance in the cloud computing and artificial intelligence (AI) sectors. The company recently issued an aggressive forecast, projecting total revenue growth of 12–14% and cloud revenue growth of 32–36% in the second quarter.
The optimism sent Oracle’s market valuation to an impressive $947 billion, bringing it closer to the trillion-dollar tech club. Industry analysts attribute this surge to the rising demand for AI computing and Oracle’s strategic involvement in the U.S. government’s Project Stargate—an AI development program under President Donald Trump, in partnership with OpenAI and SoftBank.
Musk’s Fortune Slips Amid Tesla Stock Decline
While Ellison celebrated his historic rise, Elon Musk’s fortune took a hit after Tesla shares plunged 14% in 2025, reducing his overall net worth. Musk had held the title of the world’s richest man for 300 consecutive days before being overtaken by Ellison.
Since first claiming the crown in 2021, Musk has repeatedly swapped positions with Amazon founder Jeff Bezos and LVMH chairman Bernard Arnault, but this marks the first time Larry Ellison has dethroned him.
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Larry Ellison: From Founder to Billionaire Icon
At 80 years old, Ellison remains actively involved in Oracle as Chairman and CTO. He founded the software giant in 1977 and served as its CEO until 2014. Much of his fortune is tied to Oracle, whose shares had already gained 45% earlier this year before the latest rally.
Ellison has also been outspoken about Oracle’s role in shaping the future of AI. He has suggested that artificial intelligence will usher in a new era of digital monitoring, where technology could play a role in improving public behavior through continuous tracking and reporting.
The Road Ahead
With Oracle’s renewed focus on AI, cloud infrastructure, and government partnerships, Ellison’s wealth may continue to climb in the months ahead. Meanwhile, Musk will look to regain momentum as Tesla navigates slowing demand and increasing competition in the electric vehicle market.
For now, Larry Ellison holds the crown as the richest person on Earth in 2025—a testament to the power of software, cloud innovation, and the unstoppable rise of artificial intelligence.
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