Billionaire Larry Ellison's net worth surpasses 200 billion dollars primarily through Oracle 2025, earning him the title of the wealthiest individual globally.
Oracle Co-Founder Larry Ellison Tops Elon Musk as World's Richest Person
Larry Ellison, the co-founder of Oracle Corporation, has surpassed Elon Musk to become the world's richest person, according to recent net worth estimates. Ellison's wealth now stands at an impressive $393 billion, making him the biggest wealth winner this year.
The significant boost in Ellison's net worth can be attributed to a remarkable surge in Oracle's stock price. On Wednesday, Oracle shares jumped 42% and reached an all-time high, doubling the company's value this year and pushing Oracle's market value to nearly $1 trillion. As a result, the value of Ellison's 41% stake in Oracle increased by over $117 billion.
The increase in Oracle stock was primarily due to the company's phenomenal revenue growth, supported by the growing demand for artificial intelligence (AI) solutions. Oracle Cloud Infrastructure, a key contributor to Oracle's revenue, is expected to grow 77% to $18 billion this fiscal year, and then to $32 billion, $73 billion, $114 billion, and $144 billion in the following four years, according to Oracle CEO Safra Catz.
Oracle stock surged after the company forecast significant revenue growth, which further boosted Ellison's wealth. The net worth of Oracle chairman Larry Ellison has more than quadrupled in less than three years, reaching over $395 billion on Wednesday.
However, it's important to note that Ellison's wealth is significantly lower according to Bloomberg's estimates due to the pledging of about a quarter of his Oracle shares as collateral for personal loans. The list of the world's richest people subtracts half of these pledged shares from Ellison's share count to calculate his net worth.
In addition to his Oracle stake, Ellison also holds a significant stake in Tesla, which would be worth over $15 billion today if disclosed. Ellison purchased about 1.6% of Tesla before joining the company's board in December 2018. However, Ellison stepped down from the Tesla board in 2022 and is no longer required to disclose his Tesla stake.
Based on current Oracle Cloud revenue estimates and recent wealth evaluations, Mark Zuckerberg or Jeff Bezos could be the next billionaire to surpass Larry Ellison in the coming years, as they are the closest major tech billionaires behind him after Elon Musk.
This remarkable rise in Ellison's net worth comes at a time when the global economy is grappling with the impacts of the COVID-19 pandemic and ongoing geopolitical tensions. Despite these challenges, Ellison's success serves as a testament to the power of innovation and the potential for growth in the technology sector.
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