Ellison's Meteoric Surge Displaces Musk, Who Retains Crown By Slim Margin - Arabian Post

2025-09-12 04:08:13

(MENAFN- The Arabian Post) Oracle co-founder Larry Ellison surged past Elon Musk to claim the title of world's richest person for a brief window after Oracle's stock skyrocketed following its earnings announcement. The wealth tracker Bloomberg valued Ellison at approximately $393 billion, exceeding Musk's $384 billion, before Musk reclaimed the lead by market close.

Oracle's earnings blew past analysts' expectations, driven by major AI-infrastructure contracts and a robust forecast for its cloud division. Shares in Oracle jumped over 40 per cent in early trading, lifting Ellison's fortune by upwards of $100 billion before settling for a gain of roughly $89 billion.

Elon Musk, whose wealth is tied heavily to Tesla and SpaceX among other ventures, saw his net worth fall behind during Oracle's stock surge. Tesla shares have been under pressure this year, with European demand weakening and heightened scrutiny over Musk's public statements contributing to volatility.

When markets closed, the difference between the two men's net worth was razor-thin: Musk edged Ellison by about $1 billion. Bloomberg's Billionaires Index placed Musk back at the top for the moment.

Ellison, who owns roughly 41 per cent of Oracle, also holds stakes in Tesla, among other assets. He has previously served on Tesla's board and supported Musk's takeover of X, formerly Twitter. He has frequently emphasised Oracle's central role in supporting artificial intelligence infrastructure-from computing centres to robotics and automated systems.

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