AI Tech Star Dethrones Elon Musk: Larry Ellison Crowned World’s Richest Person
In a significant shift within the global tech elite, Elon Musk has reportedly lost his title as the world’s richest person. Business news from Wednesday, September 10, 2025, confirmed that Oracle cofounder Larry Ellison has surged past Musk, claiming the top spot following an extraordinary performance by his company in the artificial intelligence sector. This momentous change highlights the growing influence of AI infrastructure on market valuations and personal fortunes.
Oracle’s AI Boom Propels Ellison to the Top
Larry Ellison’s net worth saw a staggering increase of $101 billion, catapulting his total wealth to $393 billion, according to Bloomberg. This dramatic rise positioned him ahead of Elon Musk, whose net worth stood at $385 billion. The catalyst for this monumental financial shift was Oracle’s (ORCL) stunningly strong earnings report delivered on Tuesday evening. The tech giant revealed a surging demand for its robust data center capacity, driven primarily by an insatiable appetite from AI customers. This explosive growth launched Oracle’s stock into the stratosphere, with shares climbing 40% higher on Wednesday morning alone. Oracle CEO Safra Catz further electrified investors by announcing that the company had secured four multi-billion dollar contracts during the quarter and anticipates signing several more in the coming months, directly attributing this success to Oracle’s critical role as a leading provider of infrastructure essential for powering the enormous computing demands of AI companies.
This remarkable reordering of the world’s wealthiest individuals underscores the profound impact of the artificial intelligence revolution on the global economy. Larry Ellison’s ascent is a clear indicator that the companies providing the foundational computing power and data infrastructure for AI are now at the forefront of wealth creation, positioning Oracle as a dominant force in this rapidly expanding and lucrative segment of the tech industry.
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