Oracle Stock Surge Briefly Elevates Larry Ellison to World’s Richest Person
NEW YORK – A rallyโฃ in Oracle stock โon Wednesday, September 10, briefly propelled the โcompany’s co-founder, Larry โคEllison, to โฃthe top of the Bloomberg Billionaires Index, surpassing Elon Musk as the world’s wealthiest individual. Ellison’s fortune peaked at an estimated $393 billion, compared to Musk’s $384 billion, fueledโ by his 39%โ ownership stake in Oracle.
though, the stock’s gains proved temporary, closing down on the day and resulting in Ellison falling back behind musk in the โฃrankings by the following โday, with a net worth โฃof $383 billion.
The 81-year-old Ellison is a โฃdistinctive figure in theโ American technology โคlandscape.He began his career in the 1970s, developing the “oracle”โฃ data storage system initially for an electronics company under โcontract with the CIA. โThisโ system formed the foundation of his โtechnology empire.
Known for his aspiring nature, Ellison has repeatedly challenged industryโข leaders, once vowing to render Microsoft obsolete in the late 1990s and moreโฃ recently aiming to overtake amazon in the cloud โcomputing market. Beyond โขtechnology, Ellison’s interests are diverse and โextravagant, including a โ97% ownership of the Hawaiian island of Lanai, acquired in 2012, aโฃ $160 million yacht, and passions for tennis, guitar, and piloting. He led a team to victory in โคtheโ America’s Cup sailing competition in 2013.
Ellison’s โpersonal life hasโข also been notable, with six marriagesโ and his current relationship with Jolin Zhu, who โฃis 47 years his junior. He maintains a close relationship with former President Donald Trump, providing support and personnel for Trump’s 2016 โฃcampaign and hosting him at the White house in February 2025.
According to the โค New York Times, โEllison has expressed a vision for a world extensively monitored by AI-powered cameras, intended to encourage positive behavior among citizens. He is currently heavilyโ investing in artificial intelligence, recentlyโ securing contracts with OpenAI, aโค move that could further solidify Oracle’s position in the tech industry andโฃ potentially lead โคto another challenge to Musk’s โฃwealth.