Larry Ellison, co-founder and executive chairman/CTO of Oracle Corporation, momentarily claimed the title of the world’s richest person on September 10, 2025. He overtook Elon Musk after Oracle shares experienced a dramatic intraday surge, driven largely by strong financial results and rising demand for cloud computing services in the AI sector. Although Ellison’s wealth peaked ahead of Musk’s for a brief period, by the close of trading, Musk had regained the top spot.
Details
Net Worth Surge: On the day in question, Oracle’s stock leapt by approximately 35-40% (depending on the time of day), boosting Ellison’s net worth to around US$393-$395 billion, narrowly ahead of Elon Musk’s estimated US$384 billion at the time.
Source of the Increase: Ellison owns about 41% of Oracle, so stock price swings in Oracle have an outsized effect on his personal fortune. The surge was fueled by multiple favorable factors:
Strong quarterly earnings from Oracle.
Large cloud / AI-infrastructure contracts and growing demand in AI computing.
Investor enthusiasm in Oracle’s growth prospects and market expectations in tech.
Duration and Reversal: While Ellison held briefly the top rank, the gain softened somewhat by market close, allowing Elon Musk to reclaim the No.1 position.
Keynotes
Volatility of Billionaires Rankings: Top ranks in global wealth can shift rapidly in response to stock market movements, especially when wealth is heavily tied to a single company’s shares. Ellison’s example underscores this.
Impact of AI / Cloud Sector: The current boom in AI/cloud services is significantly boosting companies like Oracle, which had been building out infrastructure and signing large deals.
Magnified Effect of Large Ownership Stakes: Owning a large percentage of a company (Ellison ~41% at Oracle) magnifies both gains and losses when that company’s stock moves.
Short-Term Gains vs Long-Term Positioning: Although Ellison briefly surpassed Musk, sustaining that position depends on broader trends, portfolio diversity, and market stability.
Public & Media Attention: Such wealth shifts tend to draw public, media, and sometimes regulatory or political interest — for example, how much cloud infrastructure in tech, tax policy, or AI regulation might influence these dynamics.
Ajay Kumar Chaurasiya, known by his stage names Mister Universe (Mr. Universe) and AK84A, is a multi-faceted individual. He is a songwriter, singer, and actor. He shares documents related entertainment, science, and more.