Elon Musk has been replaced on the list of the world’s richest men! The magnate has been dethroned and no longer holds that title. Now, leading the list is Larry Ellison, co-founder of Oracle, according to Bloomberg’s latest ranking. But who is this American tycoon, and what is his fortune? Here’s what you need to know.
What is Larry Ellison’s net worth?
Bloomberg’s latest report indicates that Ellison’s net worth, as of September 2025, stands at $393 billion. On September 10, Oracle made history on Wall Street by closing at $345 per share, the highest figure ever recorded by the company. This jump represents the largest single-day percentage gain since 1992, reflecting a stock market performance that has doubled in value so far this year, after starting at $166.
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This financial rise is tied to the legacy of Larry Ellison, who led Oracle from its founding in 1977 until 2014 and currently serves as chairman and chief technology officer. Under his leadership, the firm grew into one of the largest powers in enterprise software and cloud computing, competing with major rivals such as Microsoft, IBM, and SAP.
Outside the corporate world, Ellison is known for his vast real estate empire. Among his most notable acquisitions is the Hawaiian island of Lanai, purchased in 2012 for $300 million, where he has invested heavily in modernizing infrastructure. He also owns mansions in California, Rhode Island, and Florida, where he moved his residence to reduce the tax burden he faced in California—saving himself billions annually.
Ellison’s lifestyle reflects his passion for sports and exclusivity. He owns the Indian Wells Tennis Garden, home to one of the most prestigious tournaments on the ATP and WTA circuits, and invested heavily in the America’s Cup, winning in 2010 and 2013 with his Oracle Team USA. He has also owned luxury yachts, private jets, and even collectible military aircraft.
Who is Larry Ellison?
Larry Ellison, born in New York on August 17, 1944, is considered one of the most influential figures in modern technology. His mother, very young at the time of his birth, entrusted him to his aunt and uncle in Chicago, who adopted him. Although he began studies at the University of Illinois and later at the University of Chicago, he never graduated. After moving to California, he worked as a programmer at various companies, gaining key experience for his future.
In 1977, together with Bob Miner and Ed Oates, he founded Software Development Laboratories. Inspired by Edgar F. Codd’s research on relational databases, they saw a major business opportunity. Two years later, they launched Oracle, the first commercial program to use SQL, which revolutionized the way companies stored and managed information. His vision and leadership style enabled the company to grow quickly, positioning itself as one of the most powerful in the industry.
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Although he faced crises, lawsuits, and strong criticism for his methods, Ellison managed to keep Oracle at the top through strategic acquisitions and by adapting to the rise of the Internet. In 2014, he stepped down as CEO but remained actively involved as chairman and chief technology officer.
What place does Elon Musk hold on the list of the world’s richest men?
Until Bloomberg released its latest report, Elon Musk, owner of Tesla, was considered the richest man in the world; however, he has now fallen to second place on the list. Musk held this title for just over 300 days before being overtaken by Larry Ellison.
What is Elon Musk’s net worth?
Currently, Elon Musk’s net worth is $385 billion.
