- Larry Ellison overtook Elon Musk as the world’s richest after Oracle shares soared over 40% in a single day
- Ellison’s net worth hit $393 billion after Oracle’s strong earnings, surpassing Musk’s $384 billion fortune
- The Oracle co-founder benefited from soaring AI demand, which boosted the company’s cloud computing services revenue
Larry Ellison, the American tech mogul and co-founder of Oracle, has overtaken Elon Musk as the world’s richest person.
Source: Twitter
This announcement follows a surprising one-day stock surge by his company, Oracle. This boosted Ellison’s net worth to a staggering $393 billion.
The surge in Oracle’s share price came after the software giant announced better-than-expected earnings. The company’s shares climbed more than 40% in early trading on Wednesday, September 4, 2025.
Oracle had a market valuation of $958 billion, thanks to the stock priced at $340 per share. Ellison holds a 41% stake in the company, which means his share alone is now worth $393 billion, narrowly placing him ahead of Musk.
YEN.com.gh understands that Elon Musk sits at $384 billion, according to Bloomberg’s Billionaires Index.
Larry Ellison becomes #1 world’s richest
The sharp rise in Oracle’s value is being attributed to the global demand for artificial intelligence services. The company provides cloud computing infrastructure that powers AI tools like ChatGPT.
Firms worldwide are also requesting powerful data centres like Oracle to run their AI systems. The company reaps massive financial rewards. According to business analysts, this surge is the company’s largest ever one-day increase.
It also marks the biggest one-day gain by any billionaire in the history of the Bloomberg index. While Oracle is Ellison’s largest source of wealth, he also owns a significant stake in Tesla, the electric car company led by Musk.
About Larry Ellison
81-year-old Larry was on Tesla’s board between 2018 and 2022 and invested $1 billion in Musk’s purchase of Twitter, now known as X. Beyond tech, Ellison owns the Hawaiian island of Lanai, a tennis tournament (Indian Wells Open), and a competitive sailing team.
Despite now being wealth rivals, Ellison and Musk share a close relationship, with Ellison seen as a mentor figure to Musk. Both men have also been vocal supporters of Donald Trump, with Ellison frequently joining him at White House events.
Source: AFP
Elon Musk’s net worth remains closely tied to Tesla’s share performance, which has faced challenges in 2025 due to declining electric vehicle demand and legal battles.
With Oracle’s continued growth, especially in AI cloud computing, Ellison’s lead in the billionaire race could widen. He now sits comfortably ahead of other tech titans such as Jeff Bezos and Mark Zuckerberg.
See the announcement post from Forbes.
Rich people’s tactics: Ghanaian woman warns
YEN.com.gh had earlier reported that a Ghanaian woman warned that wealthy people exploit others by luring them with small promises under the guise of generosity.
She explained that once beneficiaries accept gifts, they become trapped, forced into multiple unpaid roles beyond their responsibilities.
Her message urged people to recognise personal worth, reject false comfort, and leave environments that stunt growth.
Source: YEN.com.gh
Source: Yen.com.gh
