Key Metrics
37.65
Heat Index-
Impact LevelMedium
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Scope LevelGlobal
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Last Update2025-09-14
Key Impacts
Positive Impacts (7)
Event Overview
The wealth ranking shift highlights the impact of stock market performance on individual net worth. A significant rise in Oracle's share price, driven by robust financial results and AI demand, propelled Ellison's fortune to over $393 billion, surpassing Musk. The event underscores the volatility and rapid changes in the top echelons of global wealth.
Collect Records
Hawaii-based Tech Billionaire Larry Ellison Briefly Becomes World's Richest Person
Larry Ellison, an 81-year-old tech mogul based in Hawaii, briefly became the world's richest person. There is speculation about his interest in having Paramount acquire Warner Bros. Discovery before its split.
Larry Ellison Surpasses Elon Musk as World's Richest Person
Larry Ellison, co-founder of Oracle, has surpassed Elon Musk to become the world's richest person. This change in wealth ranking was driven by a significant surge in Oracle's stock price, which was fueled by strong earnings and projected revenue growth from demand for AI. Oracle's stock market value approached $1 trillion, and Ellison's wealth increased by over $100 billion to a total of $393 billion. The company announced a $450 billion-plus backlog for cloud services and multibillion-dollar computing contracts with major AI players, including Nvidia and OpenAI. Oracle anticipates signing more multibillion-dollar customers in the coming months and expects the backlog to exceed half a trillion dollars. Additionally, Ellison used $6 billion from his family fortune to partially fund an $8 billion takeover of Paramount Global, which owns CBS and MTV.