
11/09/2025
The World Now Has A New King of Money As
Ellison overtakes Musk as world’s richest man
Oracle co-founder, Larry Ellison, has toppled Elon Musk to become the world’s richest person, ending the Tesla boss’s nearly year-long reign at the top of the Bloomberg Billionaires Index.
Bloomberg reports that Ellison’s fortune surged by a record $101bn on Wednesday after Oracle reported quarterly results that beat expectations and signalled further growth in its cloud business.
The increase lifted his wealth to $393bn, putting him ahead of Musk, whose net worth now stands at $385bn.
This marks a turning point in Musk's reign as the king of money.