NEW YORK (Monitoring Desk) — In a dramatic twist that’s caught the financial world off guard, Oracle co-founder Larry Ellison has leapfrogged Elon Musk to claim the title of the world’s richest man, according to Bloomberg’s Billionaires Index.
Ellison, 81, saw his fortune soar to an eye-watering $393 billion after Oracle stock skyrocketed by more than a third in a matter of minutes. The surge came on the back of a blockbuster earnings report fueled by surging demand for artificial intelligence services.
For years, Musk had reigned supreme as the world’s wealthiest, riding the highs of Tesla and SpaceX. But Tesla’s stock has taken a beating in 2025, tumbling 14% so far, dragging Musk’s Bloomberg-estimated net worth down to $385 billion.
Interestingly, not everyone agrees with Bloomberg’s calculations. Forbes still places Musk at the top with a staggering $439 billion, thanks largely to its higher valuation of SpaceX and other private assets. The discrepancy highlights how tricky it is to pin down the wealth of billionaires whose fortunes are tied to volatile markets and private companies.
For Ellison, a college dropout turned software mogul, this marks a remarkable late-career milestone — one that puts him at the center of both the AI boom and global wealth rankings.
