Larry Ellison overtakes Elon Musk as world's richest person

On September 10, 2025, Larry Ellison, the co-founder of Oracle, has reportedly surpassed Elon Musk to become the richest person on Earth. This remarkable shift in wealth was largely due to a significant rise in Oracle's stock shares, which increased over 40% to $340 per share in early trading on that Wednesday morning. As a result, Oracle's valuation shot up to approximately $958 billion. With Ellison holding more than a 40% stake in Oracle, this surge in stock value reportedly contributed to his estimated fortune climbing to $393 billion, exceeding Elon Musk’s net worth of $384 billion derived primarily from his ventures with Tesla and SpaceX. The wealth change is noted as the biggest one-day increase ever recorded, demonstrating the volatility and dynamic nature of the tech industry. Previously, Elon Musk had held the title of the richest person beginning in January 2021 and was later replaced by Jeff Bezos in March of that year. The transition of wealth at the top levels often reflects significant shifts in market conditions, company performances, and investor sentiments, allowing individuals like Ellison to claim prominent financial rankings. Ellison, who is a well-known supporter of past U.S. President Donald Trump, started Oracle in 1977 and grew it into one of the leading software companies globally, marking his impactful presence in the technology sector. Over time, Ellison’s financial ascent has been significant, culminating in this current moment where he surpasses Musk, highlighting how quickly fortunes can fluctuate in the competitive tech landscape. Additionally, not long ago in March of last year, Mark Zuckerberg had overtaken Jeff Bezos to position himself as the world’s second-richest billionaire with an estimated fortune of around $211 billion, showcasing a continuous and evolving pattern among the wealthiest individuals in the tech industry.