Larry Ellison Becomes World's Richest as Oracle Shares Surge to $922 Billion Market Value
Larry Ellison is now the world's richest person, as Oracle's shares surged 41% to a $922 billion market value, fueled by strong earnings and cloud infrastructure.
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Overview
- Larry Ellison, Oracle's co-founder and largest shareholder, became the world's richest person with a net worth of $393 billion, driven by Oracle's exceptional stock performance.
- Oracle's shares surged by 41% and finished up 36% after the company reported blockbuster earnings, significantly exceeding Wall Street expectations.
- This substantial stock surge was primarily driven by a major increase in bookings and an aggressive outlook for Oracle's cloud infrastructure business.
- The stock increase added $300 billion to Oracle's market value, bringing its total to around $922 billion, marking its biggest single-day gain since 1992.
- Elon Musk lost his position as the world's wealthiest individual, solidifying a major shift in global wealth rankings following Oracle's strong market performance.
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Analysis
Center-leaning sources cover this story neutrally, focusing on factual reporting of financial milestones. They present the shift in wealth rankings as a straightforward event, detailing the figures and company performance without injecting subjective commentary. The coverage prioritizes objective data and historical context, avoiding loaded language or selective emphasis to maintain an unbiased perspective.
"Larry Ellison has become the world’s richest person for the first time, ending Elon Musk’s nearly year-long reign in the top spot."
Bloomberg"Larry Ellison just saw his wealth soar by over $100 billion, making him the world’s richest person for the first time, worth $393 million."
Deadline"Ellison’s net worth was up by $101 billion, marking the biggest one-day increase ever recorded by the index."
USA TODAY"The switch in the ranking came after a blockbuster earnings report from Oracle powered by multibillion dollar orders from customers as the artificial intelligence race heats up."
CBS News"The switch in the ranking came after a blockbuster earnings report from Oracle powered by multibillion dollar orders from customers as the AI race heats up."
ABC News"Musk has been downplaying the bad numbers by trying to shift investors’ focus to Tesla’s other business of making robots and advances in the artificial intelligence behind its cars and robotaxis."
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FAQ
Oracle's shares surged by 41% following the company's blockbuster earnings report, which significantly exceeded Wall Street expectations and was driven by a major increase in bookings and an aggressive outlook for its cloud infrastructure business.
Larry Ellison's net worth is estimated to be around $393 billion, making him the world's richest person as of September 10, 2025.
Larry Ellison surpassed Elon Musk, whose net worth was approximately $385 billion at the time Oracle's stock surged, ending Musk's reign as the world's richest individual.
The 41% stock surge added about $300 billion to Oracle's market value, bringing it to approximately $922 billion, marking the company's biggest single-day gain since 1992.
Larry Ellison owns stakes in Salesforce.com, NetSuite, Quark Biotechnology Inc., and Astex Pharmaceuticals. He has also made notable real estate investments, such as purchasing 98% of the Hawaiian island of Lānaʻi. He serves as Oracle's chief technology officer and executive chairman.
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