{"id":215900,"date":"2025-09-10T16:11:14","date_gmt":"2025-09-10T16:11:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/215900\/"},"modified":"2025-09-10T16:11:14","modified_gmt":"2025-09-10T16:11:14","slug":"larry-ellison-eclipses-elon-musk-as-worlds-richest-person","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/215900\/","title":{"rendered":"Larry Ellison eclipses Elon Musk as world’s richest person"},"content":{"rendered":"

Oracle’s Larry Ellison became the richest person in the world Wednesday morning, with shares of the tech giant he co-founded surging more than 40%.<\/p>\n

As of 10 a.m. ET, Ellison’s wealth was nearly $400 billion. Tesla CEO Elon Musk, who had occupied the top spot, currently has a fortune of about $385 billion, according to Bloomberg<\/a>. The news outlet keeps tabs on the world’s wealthiest people with its billionaires index.<\/p>\n

Behind Ellison and Musk in the rankings sit Meta founder Mark Zuckerberg, Amazon founder Jeff Bezos and Google co-founders Larry Page and Sergey Brin.<\/p>\n

The rapid rise in Ellison’s wealth comes as he and his family push into artificial intelligence, media and politics.<\/p>\n

Oracle’s stock move Wednesday was fueled primarily due to the company announcing<\/a> a $450 billion-plus backlog for cloud services and multibillion-dollar computing contracts with major AI players Nvidia and ChatGPT backer OpenAI. <\/p>\n

“Over the next few months, we expect to sign-up several additional multi-billion-dollar customers,” Oracle said. It expects that backlog of business will likely soon “exceed half-a-trillion dollars.”<\/p>\n

The Ellison family further expanded its empire when Ellion’s son, David, recently completed an $8 billion takeover of CBS and MTV owner Paramount Global. That transaction was funded in part by $6 billion from the Ellison family fortune, CNBC reported.<\/p>\n

Larry Ellison, a major backer of President Donald Trump, also recently visited the White House, announcing a massive datacenter project with Softbank’s chief Masayoshi Son and OpenAI CEO Sam Altman.<\/p>\n

That project promised to use Oracle technology<\/a> in creating the $500 billion network of datacenters.<\/p>\n

Ellison, 81, co-founded Oracle more than 40 years ago. The company’s stock market value closed in on $1 trillion during Wednesday’s trading. <\/p>\n","protected":false},"excerpt":{"rendered":"Oracle’s Larry Ellison became the richest person in the world Wednesday morning, with shares of the tech giant…\n","protected":false},"author":3,"featured_media":215901,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,67,132,68],"class_list":{"0":"post-215900","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-united-states","10":"tag-unitedstates","11":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115180882056199274","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/215900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=215900"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/215900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/215901"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=215900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=215900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=215900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}