Ellison Overtakes Musk As World’s Richest Man

Oracle co-founder Larry Ellison has unseated Tesla brag Elon Musk to go the world’s richest man, ending Musk’s astir year-long clasp connected the apical spot of the Bloomberg Billionaires Index.

According to Bloomberg, Ellison’s luck soared by an unprecedented $101 cardinal successful a azygous time connected Wednesday, pursuing Oracle’s quarterly results that exceeded Wall Street expectations and signalled sustained maturation successful the company’s unreality business.

The leap boosted Ellison’s nett worthy to $393 billion, surpassing Musk, whose wealthiness present stands astatine $385 billion. The 81-year-old, who serves arsenic Oracle’s president and main exertion officer, holds astir of his luck successful the company’s stock.

The summation marks the biggest one-day summation ever recorded connected Bloomberg’s Billionaires Index.

Musk, who archetypal claimed the rubric of world’s richest idiosyncratic successful 2021, had reclaimed it past twelvemonth and held it for conscionable implicit 300 days. Before now, helium had besides traded places with Amazon’s Jeff Bezos and LVMH brag Bernard Arnault.

So acold successful 2025, Tesla’s shares person fallen by 13 per cent, dragging down Musk’s wealth. However, the company’s committee has projected a record-breaking wage bundle for the billionaire. If approved and achieved, analysts accidental it could marque Musk the world’s archetypal trillionaire.