Wed Sep 10 19:43:29 UTC 2025: **Summary:**

Larry Ellison, co-founder of Oracle, has reportedly surpassed Elon Musk to become the world’s richest person, according to Bloomberg. This shift is attributed to a significant surge in Oracle’s stock price following a blockbuster earnings report driven by substantial orders, fueled by the growing AI sector. Oracle’s stock jumped dramatically, boosting Ellison’s net worth to $393 billion. While Bloomberg ranks Ellison as number one, Forbes still places Musk at the top, citing differing valuation methods for Musk’s private holdings like SpaceX.

**News Article:**

**Oracle’s Ellison Ousts Musk as World’s Richest Person After Blockbuster Earnings**

**NEW YORK** – In a stunning turn of events, Oracle co-founder Larry Ellison has reportedly dethroned Elon Musk as the world’s richest person, according to Bloomberg’s wealth tracker. The shift comes after a remarkable surge in Oracle’s stock price on Wednesday, following a blockbuster earnings report fueled by multi-billion-dollar orders driven by the accelerating artificial intelligence race.

Oracle’s stock soared by more than 34% in a matter of minutes, propelling Ellison’s net worth to an estimated $393 billion as of 3pm ET. This puts him several billion dollars ahead of Tesla CEO Elon Musk, who had held the top spot for four consecutive years. Meanwhile, Tesla’s stock has been trending downwards this year.

Ellison’s wealth is primarily derived from his significant 41% stake in Oracle.

While Bloomberg currently ranks Ellison as the world’s wealthiest individual, other financial news sources, such as Forbes, still place Musk at the top, citing differences in valuation methods for Musk’s private holdings, particularly his rocket company SpaceX. Forbes estimates Musk’s net worth at $439 billion, while Bloomberg puts it at $385 billion.

The news comes as Tesla shareholders consider a potential $1 trillion compensation package for Musk. Ellison’s Wednesday gains alone would be enough to fund the lifestyles of five million U.S. families for a year, roughly the entire population of Florida, if they were all to quit their jobs and live at the US median household income.

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