Elon Musk drops from the rich list, Larry Ellison overtakes Musk
Larry Ellison Becomes World’s Richest Person, Surpasses Elon Musk: In a historic shakeup on the global wealth leaderboard, Oracle co-founder and chairman Larry Ellison has become the world’s richest person, overtaking Elon Musk. Ellison’s net worth surged to \$393 billion, surpassing Musk’s \$385 billion, following a massive 40% jump in Oracle’s stock on September 10 — the largest single-day rise in the company’s history. The surge, triggered by better-than-expected quarterly results and strong future projections, added \$100 billion to Ellison’s wealth in just one day. At 81, Ellison continues to break records, while Musk, who held the top spot for over 300 days, saw his fortune dip amid a 13% decline in Tesla shares this year. Notably, Ellison also owns a stake in Tesla and was a board member from 2018 to 2022. With Oracle’s market cap now nearing \$958 billion, and a continued bullish trend in sight, Ellison is on track to possibly become the first person to reach the \$400 billion milestone.
Made history at the age of 81
Oracle’s recent quarterly results were much better than expected. The company has also projected great growth in the future, which further increased the confidence of investors. This had a direct impact on the company’s stocks on September 10, which rose by about 40% in a single day. This is considered to be the biggest single-day jump in Oracle’s history so far.
Musk lost his crown after 300 days
Elon Musk regained the title of the world’s richest person last year and has remained at the top for more than 300 days since then. But things did not go well for Tesla in 2025. So far this year, the company’s shares have fallen by about 13%, reducing Musk’s net worth. However, Tesla’s board has announced a big salary package for Musk. If Musk meets the company’s goals, he can also become the world’s first person with a trillion-dollar net worth.
Ellison also has a stake in Tesla
Oracle’s current market value has now reached $958 billion. Ellison not only has a 40% stake in Oracle, but he also has a stake in Tesla. He has been on the board of Tesla from 2018 to 2022. Ellison’s business interests are not limited to technology. He owns the Hawaiian island of Lanai and also owns the Indian Wells Open tennis tournament. He has a strong presence in technology, investment, and sports – all three.
A further rise in property prices is possible
When the market closed on September 9, Ellison’s wealth was $293 billion. But a gain of $100 billion the very next day took him to a new height. If the upward trend in Oracle’s shares continues like this, Ellison will soon join the $400 billion club.
ALSO READ: Home Remedies For Repair Split Ends In Hair
