By Sheetal Kumari | March 3, 2025
MC Desk | September 11, 2025
Larry Ellison, co-founder of Oracle, briefly became the world’s richest man on Wednesday.
A sudden 36% surge in Oracle’s stock pushed his net worth above Elon Musk’s.
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The increase lifted Larry’s total fortune to $393 billion, ahead of Musk who sits at $385 billion, according to the Bloomberg Billionaires Index. It’s the biggest one-day increase ever recorded by the index.
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Oracle stock soared after blockbuster earnings fueled by the global AI boom.
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Ellison owns about 40% of Oracle, adding nearly $100 billion to his wealth in just half an hour.
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Oracle announced $300 billion in new AI cloud deals with OpenAI, Meta, Nvidia, and Musk’s xAI.
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The company projects cloud revenue to jump 77% this year and reach $144 billion in four years.
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Ellison envisions Oracle powering AI across industries—from robots to finance to medicine.
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Despite the surge, Musk reclaimed the top spot by day’s end as Tesla shares also rose.
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