Confirmed—Larry Ellison overtakes Elon Musk to become the world’s richest man with a record fortune of $393 billion

By Rita Armenteros
September 25, 2025
Confirmed—Larry Ellison overtakes Elon Musk to become the world's richest man with a record fortune of $393 billion

Larry Ellison has overtaken Elon Musk and positioned himself as the richest man in the world, thanks to the growth of Oracle Corporation. Larry Ellison is the leader in enterprise software and database management systems. Recently, shares have grown thanks to Oracle Cloud and the implementation of artificial intelligence (AI), which has boosted his fortune, along with investments in Tesla and assets he owns in the United States. Read on to find out more.

New “richest man in the world”

We have a brand new incumbent for the name of ‘richest man in the world’ with Larry Ellison taking the title from the high known Elon Musk. To get to know more about him, Ellison is a American businessman and entrepreneur who co-founded the software company Oracle Corporation. In the past, he was the CEO of Oracle from its founding in 1977 until 2014, and currently serves as its executive chairman and chief technology officer.

In addition, he tuned out to be the rich primarily through his work at Oracle, which grew under his leadership to be one of the world’s biggest software companies, major in in database management systems, cloud computing, and enterprise software. His wealth is overwhelmingly linked to his substantial ownership stake in the company.

A recent surge in Oracle’s stock price, lead by a strong earnings report and a positive perspective for the company’s cloud and AI-related business, has dramatically grown Ellison’s net worth, pushing him into the position of the world’s richest person. More over, he has other assets, including real estate and a stake in Tesla.

Based on recent articles, Ellison’s net worth has seen a dramatic increase and after a surge in Oracle’s stock price, his net worth is currently estimated to be around $393 billion.

More information about Oracle

Oracle (ORCL.N), opens new tab shares retreated on Thursday after a record AI-driven surge in the earlier session that put the company more near to the trillion-dollar mark and co-founder Larry Ellison within striking distance of the world’s richest person in the worl. The enterprise software maker’s remarkable increase, fueled by a wave of multi-billion-dollar cloud deals, puts the light on the scramble for computing power from companies that are pouring billions to be commanders in the AI development.
Oracle’s shares fell about 4% after rising as much as 35.9%. The company’s market estimations rose to a record $933 billion, as of last close, but is known that is about to fall to around $894 billion if losses hold. Ellison’s net worth stood at around $371.7 billion, largely driven by his 41% stake in Oracle, in comparison to Tesla (TSLA.O), opens new tab CEO Elon Musk’s $441.2 billion fortune that tops Forbes’ global wealth rankings.
“A bit of buyer exhaustion here. I think the “buy the dip” crowd is likely to re-emerge,” said Dennis Dick, chief strategist at Stock Trader Network.

“OpenAI has signed a $300 billion deal with Oracle for computing power”

The Wall Street Journal, in addition, reported on Wednesday that OpenAI has signed a $300 billion deal with Oracle for computing power, among the biggest in history. Oracle’s stock has almost doubled in value this year, making it among the highest performers in the S&P 500 index (.SPX), opens new tab, trouncing gains made by the so-called Magnificent Seven stocks. The central price target of $342 represents an upside of around 9% to the company’s stock price of $314.45, according to LSEG data. The shares were trading at a premium in comparison to its cloud services peers. Their 12-month forward price-to-earnings multiple was 45.3, compared with Amazon’s 31.3 and Microsoft’s 31.