US EditionAI Hype Has Just Shaken up the World's Rich List: What if the Boom Is Really a Bubble?
Larry Ellison's net worth surged by $101 billion in one day, driven by Oracle's $300 billion OpenAI contract, temporarily surpassing Elon Musk as the world's richest person.
- On September 10, 2025, Oracle's stock surged more than 35%, briefly making Larry Ellison the richest person globally.
- This surge followed Oracle's announcement of a $300 billion, five-year deal to supply computational power to OpenAI.
- Ellison, who cofounded Oracle in 1977 and owns 41 percent of the company, saw his wealth rise by about $89 billion in one day.
- Bloomberg estimated Ellison's net worth at $383 billion after the surge, briefly surpassing Elon Musk before Musk regained the top ranking by $1 billion.
- This event highlights AI-driven firms' growing financial influence and suggests continued massive technology investments amid speculative market conditions.
29 Articles
29 Articles
Video - On Wednesday, September 10, his fortune reached $393 billion, surpassing the $385 billion Elon Musk, owner of SpaceX and Tesla, according to Bloomberg Billionaires Index.
Larry Ellison replaces Elon Musk for a short time as the richest person in the world. But the founder of the software company Oracle doesn't have enough – and his son is about to take over Hollywood.
ANALYSIS. Big promises about the future just made Oracle founder Larry Ellison the world's richest man. But the deal that sent the stock soaring is far from certain.
AI hype has just shaken up the world's rich list: What if the boom is really a bubble?
Just for a moment this week, Larry Ellison, co-founder of US cloud computing company Oracle, became the world's richest person. The octogenarian tech titan briefly overtook Elon Musk after Oracle's share price rocketed 43% in a day, adding about US$100 billion (A$150 billion) to his wealth.
Jewish Oracle CEO Larry Ellison briefly tops list as world’s richest man
(JTA) — The world’s richest Jew, Oracle Corp. chief technology officer Larry Ellison, briefly surpassed Tesla CEO Elon Musk Wednesday as the richest man in the world. Ellison’s elevation following a surge in Oracle stock marked the first time that a Jewish billionaire topped Bloomberg’s Billionaires Index. After a better-than-expected earnings report, his estimated wealth rose by $89 billion in the largest one-day increase ever recorded, but by …
Coverage Details
Bias Distribution
- 46% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
