Elon Musk Is No Longer the World’s Richest Person
🏆 Elon Musk’s years-long dominance in the rankings of the world’s wealthiest individuals has come to an end. The top spot now belongs to 81-year-old Larry Ellison, co-founder and chairman of Oracle Corporation. According to Bloomberg Billionaires Index, Ellison’s fortune surged by an astonishing $101 billion in just one day, reaching $393 billion — an all-time record for a single-day increase in personal wealth.
What drove the surge
The main driver was Oracle’s quarterly earnings report, which not only beat analyst forecasts but also surprised even the most optimistic investors. The company announced contracts worth about $455 billion for large-scale construction of data centers to support generative artificial intelligence, large language models (LLMs), and high-performance computing.
These agreements signaled to the market that Oracle is transforming from a traditional enterprise software vendor into a key provider of infrastructure for a new technological era. Investors reacted immediately — Oracle shares skyrocketed, fueling Ellison’s massive wealth jump.
Changing leadership in the billionaire race
Until now, Elon Musk firmly held the title of the world’s richest person with a net worth of about $385 billion, built largely on Tesla, SpaceX, and other ventures. However, Oracle’s rapid rise and growing market capitalization enabled Ellison to surpass Musk, pushing him down to second place.
It is important to note that Larry Ellison is not part of the new wave of “tech geniuses,” but a veteran of Silicon Valley. He founded Oracle back in 1977 and has kept the company among the global IT leaders for decades. His move into the “richest man” category at such an advanced age is symbolic — traditional tech corporations from the second tier have suddenly proven they can rival Tesla, Meta, and Microsoft.
Billionaires’ wealth comparison (Bloomberg Billionaires Index, September 2025):
Larry Ellison (Oracle) — $393B (No.1)
- Elon Musk (Tesla, SpaceX, X) — $385B (No.2)
- Bernard Arnault (LVMH) — $245B (No.3)
- Jeff Bezos (Amazon) — $233B (No.4)
- Mark Zuckerberg (Meta) — $214B (No.5)
The gap between Ellison and Musk is just $8 billion, meaning a few volatile trading sessions could easily return Musk to the top. The rest of the billionaires are still far behind, but the overall trend is clear: technology (AI, cloud, social networks) is shaping the new peaks of wealth.
Broader context
- For global markets, this is a landmark moment: Oracle’s market cap grew so fast that it reshaped the billionaire rankings in just one day.
- For investors, it reaffirms the view that in the AI era, winners are not only chipmakers (Nvidia, TSMC) but also companies providing infrastructure — from data centers to cloud services.
- For Musk, this is not the end of the race but a temporary pause: Tesla continues to strengthen its position in electric vehicles, and SpaceX keeps securing new contracts. But, as the last day showed, a single strong earnings report can overturn the global wealth rankings.
💰 Conclusion
Larry Ellison has officially become the world’s richest person, overtaking Elon Musk. His record one-day wealth increase illustrates how quickly financial realities are shifting in the age of artificial intelligence. Whereas in the past, gadgets and cars dominated, today it is computing power and AI infrastructure that define global wealth leadership.
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