09/17/2025
š° For the first time in years, Elon Musk has lost his crown as the worldās richest man.
Tesla and SpaceX CEO Elon Musk, long perched at the top of global wealth rankings, was overtaken this week by Oracle co-founder Larry Ellison following a record-breaking surge in Oracleās stock price.
According to the Bloomberg Billionaires Index, Ellisonās net worth skyrocketed by an unprecedented $101 billion in just one day, bringing his fortune to $393 billionāsurpassing Muskās $384 billion. The historic leap was driven by soaring demand for cloud services, fueled by artificial intelligence companies like OpenAI and ChatGPT, which depend heavily on Oracleās large-scale data infrastructure.
Ellison, born in New York in 1944, turned Oracle into a global technology powerhouse specializing in databases and cloud computing. Beyond his company, he holds diverse assets: a significant stake in Tesla, ownership of the Indian Wells Open tennis tournament, and nearly the entire Hawaiian island of LÄnaŹ»i, which he has pledged to transform into a āgreen utopia.ā
While Musk has previously reclaimed the top spot after brief losses to Jeff Bezos and Bernard Arnault, Ellisonās sudden rise highlights how quickly fortunes can shift in the tech-driven economy. With markets as volatile as ever, the title of worldās richest person may change hands again soon.
Source: Bloomberg Billionaires Index (September 2025)