By Anurag Kumar

Copyright timesnownews

Larry Ellison, co-founder and Chief Technology Officer of Oracle Corporation, has overtaken Elon Musk to become the world’s richest person. On September 10, 2025, Ellison’s net worth surged by $101 billion, reaching a total of $393 billion, according to Bloomberg’s Billionaires Index. On Wall Street, tech stocks surged as Oracle stole the spotlight, driven by a massive boost in AI-related demand that is set to send its revenue soaring. Oracle’s CEO, Safra Catz, revealed that the company signed four multi-billion dollar cloud contracts in the latest quarter, including a landmark $300 billion deal with OpenAI. The company now expects its cloud infrastructure revenue to jump 77% this fiscal year to USD 18 billion, with projections indicating a surge to USD 144 billion by 2030. “AI changes everything,” said Oracle Chairman Larry Ellison, highlighting the strategic shift that has powered the company’s recent success. Also Read: Oracle Co-founder Larry Ellison Dethrones Elon Musk as World’s Richest, Check Out the Top 5 Following the announcement, Oracle’s stock skyrocketed 34.8%, on track for its best single-day performance since 1992. This massive stock rally played a key role in propelling Ellison’s net worth past Elon Musk’s, helping him ascend to the position of the world’s richest person, a title previously held by Musk for four consecutive years. Factors Contributing to Larry Ellison’s Meteoric Rise Oracle’s Strong Earnings Report: Oracle’s recent earnings report revealed a significant increase in Remaining Performance Obligations (RPO), climbing to $455 billion from $138 billion in the previous quarter. This indicates a robust pipeline of future revenue, bolstering investor confidence Strategic AI Investments: Ellison’s strategic investments in artificial intelligence, particularly through partnerships with companies like OpenAI, have positioned Oracle as a leader in AI cloud infrastructure. The company’s projected cloud revenue is expected to reach $144 billion by 2030, as per the New York Post. Ownership Stake in Oracle: Ellison owns approximately 41% of Oracle, equating to about 1.16 billion shares. This substantial stake has significantly contributed to his wealth, especially following the surge in Oracle’s stock price. Comparison with Elon Musk Prior to Ellison’s ascent, Elon Musk held the title of the world’s richest person for four consecutive years. As of September 10, 2025, Musk’s net worth was estimated at $385 billion, according to Bloomberg. While Musk’s wealth is primarily derived from his holdings in Tesla and SpaceX, Oracle’s recent performance has allowed Ellison to surpass him in the rankings. Larry Ellison’s rise to the top of the wealth rankings underscores the significant impact of strategic investments and strong corporate performance. His leadership in Oracle’s expansion into AI cloud services has not only propelled the company’s growth but also solidified his position as the world’s richest individual.