Elon Musk is no longer world's richest person: Here's why

After a whopping gain of $101 billion, Oracle’s CEO Larry Ellison has become the world’s richest person, dethroning Tesla CEO Elon Musk on Wednesday, September 10, 2025.

That means Elon Musk is no longer the richest person on earth.

Larry Ellison has achieved this feat after Oracle shared with him an $89 billion net worth, and there’s more growth one can expect.

Ellison’s total net worth has reached to $383.2 billion, according to the Bloomberg Billionaire Index.

Remember, it’s the highest ever one-day increase in history that placed him ahead of Musk for the rest of the day before the Tesla Inc. pulled back into the lead by $1 billion.

Elon Musk, 54, initially topped the list of richest people on earth in 2021, but shortly after lost the title to Jeff Bezos and Bernard Arnault. However, Musk regained the top slot a year later and has maintained it for over 300 days.

On the other hand, Oracle CEO Larry Ellison, 81, founded Oracle and is now serving as its chairman and chief technology officer, and most of his wealth is invested in the database software company.

Oracle’s shares, which already had gained 45 percent this year till Tuesday’s closing, soared 36 percent on Wednesday after the tech company followed a significant jump in books and an optimistic forecast for its cloud business.

Oracle company saw the biggest milestone surge in its shares in a single day since 1992.

And while Tesla stocks are down to 14 percent this fiscal year. Last week, the company’s board tabled a huge pay package to retain Musk as its leader with a condition of set targets; then he would be the world’s first trillionaire.

Let’s know every detail about the man who has dethroned Elon Musk to become the richest person on earth: Larry Ellison

Who’s Larry Ellison?

Larry Ellison is the co-founder of the US multinational tech giant named Oracle Corporation.

Larry Ellison, aged 81, has a 41 percent share in the company, and his wealth has spiked significantly in recent years, credit to a recent surge in Oracle’s stock prices.

Ellison co-founded Oracle in 1977 as a database software company, and over the years, the firm has become a face of the global cloud computing powerhouse.

However, the fun fact remains that Larry and Musk enjoy a cordial tie, and Larry is a major investor in Tesla too.