Business
Oracle’s Larry Ellison Overtakes Elon Musk To Become World’s Richest After $101 Billion Gain
Last Updated:
Larry Ellison surpasses Elon Musk as the world’s richest person with a $393 billion net worth after Oracle’s record-breaking quarterly performance.
Oracle founder Larry Ellison. (File)
Larry Ellison, the founder of Oracle, has surpassed Tesla CEO Elon Musk to become the world’s richest person with a net worth of $393 billion.
As per the Bloomberg report, Oracle’s Chief Technology Officer (CTO) saw his wealth increase by $101 billion following Oracle Corporation’s exceptional quarterly performance.
Ellison’s net worth soared by $101 billion as of 10:10 am in New York on Wednesday, according to the Bloomberg Billionaires Index. That pushed his wealth to $393 billion, surpassing Musk at $385 billion.
The one-day increase is the largest ever recorded by the index, surpassing the $63 billion gain Elon Musk registered in December 2023.
Shares of the company jumped more than 40% in early trade on Wednesday, reaching an all-time high in their sharpest single-day rise since the dot-com boom of 1999. The company’s shares experienced a sharp rise after Oracle announced a strong growth projection on Tuesday evening. Shares of Tesla Inc., by contrast, went down 13% this year.
Ellison, 81, co-founded Oracle in 1977 and still holds around 1.16 billion shares, making him the company’s largest shareholder.
Meanwhile, Musk became the world’s richest person for the first time in 2021 before losing the title to Amazon’s Jeff Bezos and LVMH’s Bernard Arnault. He reclaimed it last year and had held it for just over 300 days.
Shobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben…Read More
Shobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben… Read More
New York, United States of America (USA)
September 10, 2025, 22:24 IST
Read More
Energy markets have been on a wild ride as the key Strait of Hormuz waterway remains effectively closed.
Source link
Paddy Rodgers said the Observatory’s rich history showed the power of human knowledge and the need to avoid “dependence” on AI.
Source link
First, to be sure, Amazon isn’t without competitors in any of the segments it is in, including e-commerce. Major US retailers like Walmart and Target both have broad-based, rapidly-expanding online retail arms, and offer their own versions of Amazon’s Prime subscription service.
EU green mandates and the Vietnam T&A industry
After provinces, Centre lifts austerity-driven business-hour curbs until May 31
Vietnam’s flat apparel exports hide the real trade signal
-
Entertainment5 days agoConan O’Brien hat tricks as Oscar host
-
Tech1 week agoCould Contact-Tracing Apps Help With the Hantavirus? Not Really
-
Fashion5 days agoItaly’s Zegna Group’s Q1 growth boosted by strong organic performance
-
Sports1 week agoBobby Cox, legendary Atlanta Braves manager who led 1995 World Series champions, dead at 84
-
Entertainment1 week agoMartin Short: Facing tragedy with joy
-
Entertainment1 week agoTom Brady gets back at Kevin Hart during Netflix roast
-
Entertainment1 week agoMartha Stewart: How to make an omelet
-
Business1 week agoGovt mulls incentives for priority sectors | The Express Tribune