For the first time in the year, Elon Musk is close to losing the title of “richest man in the world.” In the last hours, Oracle’s actions shot more than 42% causing the heritage of its co -founder, Larry Ellisonwill increase in almost US $ 100,000 million. In this way, its fortune reached US $ 384,000 million, according to the Bloomberg billionaire index
The loud rise occurred after the growth forecasts for the next years of its business of its business were communicated cloudof cloud storage, which will be driven by artificial intelligence (AI). The firm informed that its contract portfolio in this area is close to US $ 500,000 million, where it achieved contracts with signatures such as Meta, Openai and XAI, Start-Up this last driven by Musk itself.
Ellison is currently Oracle’s greatest individual shareholder and could keep the title of the richest person in the world if the actions continue their extraordinary profits. The jump of shares is extremely rare for a company that has a massive market value of just under US $ 700,000 million, being the thirteenth most valuable action on the market at the end of Tuesday.
Bloomberg said the jump in Ellison’s wealth will be the “Greater increase in a single day ever registered” by the index, which will be updated with the results after the closure of the market this Wednesday.
Top 10 richest people in the world: this is the ranking as of September 2025
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Musk became the richest man in the world in 2021then surpassing Jeff Bezos, founder of Amazon, and Bernard Arnault, the main shareholder of LVMH. Currently, the founder of Tesla has been in this position for 300 days. In its case, the stock market evolution of Tesla, which this year is left about 14%, has penalized its fortune.
In turn, the strong rise in the Nvidia Stock Exchange since the beginning of 2025, despite the correction of recent weeks, caused its founder, Jensen Huang, climbing the top positions of said Billione Index. In fact, it came to accumulate a fortune valued at almost 150,000 million dollars, surpassing veteran investors and managers such as Warren Buffet, Michael Dell and Bill Gates. Nvidia became the first company to overcome the four billion dollars in stock capitalization, thanks to the pull of artificial intelligence (AI).
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In the case of Ellison, his way to become the richest person in the world dates back to 1977, when he left the university and helped found Oracle.
The 81 -year -old man has a luxurious lifestyle, like any billionaire, since he owns 98 % of the Hawaiian island of Lana’i and recognized for reviving the Indian Wells Tennis Tournament in California, which made him win the nickname of “Fifth Grand Slam”.
Ellison also has close ties with President Donald Trumpand appeared several times with him in the White House for various technological events and the award of Oracle contracts. Also, he was considered a possible Tiktok buyer, although those plans did not materialize.
RM
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