New York, USA – Oracle co-founder Larry Ellison on Wednesday rose to the very top of global wealth rankings, becoming the world’s richest person after a dramatic surge in Oracle’s stock lifted his net worth to 393 billion dollars, according to the Bloomberg Billionaires Index.
Ellison, 81, who continues to serve as Oracle’s chairman and chief technology officer, saw his fortune grow by an unprecedented 101 billion dollars in a single day, propelled by a wave of investor confidence following the company’s announcement of several multibillion-dollar contracts in its latest quarterly report.
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The stock rally pushed him ahead of Tesla and SpaceX chief executive Elon Musk, whose wealth Bloomberg pegged at 385 billion dollars. Musk had dominated Bloomberg’s index for nearly a year before Ellison overtook him.
Yet, billionaire rankings remain divided. Forbes’ real-time billionaires list, which uses a different methodology, continued to place Musk at number one with 440 billion dollars, while ranking Ellison second at 406.3 billion dollars. Such discrepancies are common as both Bloomberg and Forbes adjust their valuations based on stock fluctuations, private holdings, and asset disclosures.
Oracle’s Rise
Founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates, Oracle began as a small software firm focused on database management. It quickly grew into one of the most influential technology companies in Silicon Valley, pioneering enterprise software systems used by corporations and governments worldwide. Today, Oracle stands as a global leader in database solutions, enterprise software, and cloud computing, competing with the likes of Amazon Web Services (AWS), Microsoft Azure, and Google Cloud.
Over the past decade, Oracle has invested heavily in cloud infrastructure, positioning itself as a critical player in an industry central to digital transformation. The company’s expansion into cloud services, combined with its ability to win massive government and corporate contracts, has fueled both its growth and Ellison’s soaring fortune. Its recent contracts—valued in the billions—underscore Oracle’s growing role in handling sensitive data and providing large-scale computing power.
Ellison’s Wealth and Lifestyle
Ellison’s wealth has long been tied to Oracle’s fortunes, as he remains the company’s largest individual shareholder. Beyond Oracle, his financial empire extends into real estate, yachting, and aviation. He owns nearly the entire Hawaiian island of Lanai, purchased in 2012, where he has funded sustainability projects and luxury developments. His portfolio also includes sprawling estates in California, Nevada, and other prime locations.
Known for his lavish lifestyle, Ellison is also a prominent figure in sports and technology circles. He is an avid yachtsman and has been a driving force behind America’s Cup sailing competitions. At the same time, he has positioned Oracle at the heart of cutting-edge technology, emphasizing artificial intelligence, cloud computing, and secure enterprise systems.
Legacy in Technology
Ellison’s influence stretches far beyond his personal fortune. As one of the original pioneers of Silicon Valley, his career parallels the rise of the global technology sector. Oracle’s early dominance in database systems laid the foundation for the digital economy, while its recent pivot to cloud services underscores the company’s resilience in adapting to technological change.
Despite stepping down as Oracle’s CEO in 2014, Ellison remains deeply involved in the company’s direction as chairman and CTO, shaping its research, strategy, and partnerships. His leadership has often been described as bold, aggressive, and competitive—a style that helped Oracle weather challenges from newer tech giants while continuing to expand its global footprint.
A Symbol of Tech Wealth
Ellison’s new status as the world’s richest man highlights the continuing dominance of the technology sector in global wealth creation. His rise comes at a time when tech billionaires—including Elon Musk, Jeff Bezos, Mark Zuckerberg, and Bill Gates—continue to define the upper tiers of wealth rankings.
For Ellison, the milestone reflects not only his personal fortune but also Oracle’s renewed relevance in a fast-changing technology landscape. As governments and corporations shift ever more operations to the cloud, Oracle’s role—and by extension Ellison’s fortune—seems set to grow even further.
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