{"id":216335,"date":"2025-09-10T19:59:18","date_gmt":"2025-09-10T19:59:18","guid":{"rendered":"https:\/\/www.europesays.com\/us\/216335\/"},"modified":"2025-09-10T19:59:18","modified_gmt":"2025-09-10T19:59:18","slug":"oracles-larry-ellison-surpasses-elon-musk-as-worlds-richest-man","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/216335\/","title":{"rendered":"Oracle’s Larry Ellison surpasses Elon Musk as world’s richest man"},"content":{"rendered":"

Danielle KayeBusiness reporter<\/p>\n

\"GettyGetty Images<\/p>\n

Larry Ellison, pictured at an Oval Office meeting earlier this year, has overtaken Elon Musk in fortune<\/p>\n

Elon Musk has lost his title as the world’s richest person to Larry Ellison, the co-founder of Oracle and an ally of US President Donald Trump.<\/p>\n

Ellison’s wealth surged to $393bn (\u00a3290bn) on Wednesday morning, surpassing Musk’s $385bn (\u00a3284bn), according to the Bloomberg Billionaires Index.<\/p>\n

Shares in Oracle soared more than 40% after the database software company gave investors a surprisingly rosy outlook for its cloud infrastructure business and artificial intelligence (AI) deals. <\/p>\n

Ellison, whose net worth is tied to the company, has steadily built his fortune over the past five decades. <\/p>\n

Musk had held the title of world’s richest person for nearly one year. He could receive a pay package worth over $1tn<\/a> (\u00a3740bn) if he hits a list of ambitious targets over the next decade, the board of the electric car firm has proposed.<\/p>\n

But shares in Musk’s most valuable business, Tesla, have fallen this year. <\/p>\n

The electric vehicle maker has grappled with investor jitters over the Trump administration’s rollback of electric vehicle initiatives, on top of consumer backlash to Musk’s political involvement.<\/p>\n

Oracle has recently been propelled by growing demand for data centre infrastructure.<\/p>\n

The company projected as part of its quarterly earnings report on Tuesday that revenue from its cloud business will jump 77% this year, to $18bn, with further growth expected in the coming years.<\/p>\n

Oracle has reported a surge in demand among AI companies for its data centres, which helped push its stock dramatically higher. <\/p>\n

It signed four multibillion-dollar contracts with customers in the last quarter and anticipates several more deals in the months ahead, chief executive Safra Catz said on Tuesday.<\/p>\n

Trump ties and media ambitions<\/p>\n

Ellison, 81, helped start Oracle in 1977 and rose to prominence in the 1990s, when he became a public figure known as much for his lavish lifestyle as for the database company behind his fortune. <\/p>\n

He was Oracle’s chief executive until 2014 and is now the company’s chairman and chief technology officer.<\/p>\n

And he has positioned himself as an ally to President Trump.<\/p>\n

When Trump returned to the White House in January, Ellison appeared alongside OpenAI’s Sam Altman and SoftBank’s Masayoshi Son to announce a project called Stargate, to build out AI infrastructure in the US.<\/p>\n

Oracle has also emerged as a possible buyer of TikTok, the app owned by the Chinese internet company ByteDance. TikTok is facing a ban in the US unless it divests itself of its ByteDance ownership.<\/p>\n

In January, when asked whether he was open to Musk buying TikTok, Trump responded: “I’d like Larry to buy it, too.”<\/p>\n

Ellison’s media ambitions extend beyond TikTok. <\/p>\n

He funded the bulk of a $8bn bid by his son to acquire Paramount, which owns CBS and MTV. <\/p>\n

That deal between Paramount and the media company Skydance, which is controlled by his son David, closed last month.<\/p>\n","protected":false},"excerpt":{"rendered":"Danielle KayeBusiness reporter Getty Images Larry Ellison, pictured at an Oval Office meeting earlier this year, has overtaken…\n","protected":false},"author":3,"featured_media":216336,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,67,132,68],"class_list":{"0":"post-216335","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\/115181778812625238","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/216335","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=216335"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/216335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/216336"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=216335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=216335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=216335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}