Musk Snatches Back World’s Richest Title from Ellison

Elon Musk has reclaimed his position as the world’s richest person, narrowly edging out Oracle co-founder Larry Ellison after a fleeting few hours when Ellison held the coveted title. The billionaire showdown, reported by Bloomberg on Wednesday, September 10, 2025, was triggered by a meteoric rise in Oracle’s stock, fueled by soaring demand for its AI infrastructure services.

Ellison’s wealth skyrocketed by an astonishing $89 billion on Tuesday evening following Oracle’s stellar earnings report, reaching a net worth of $383.2 billion. At its peak during the day, his fortune surged by as much as $101 billion, marking the largest single-day gain ever recorded on the Bloomberg Billionaires Index.

The catalyst? Oracle’s shares soared by up to 43% before closing 36% higher on Wednesday, the company’s most significant single-day jump since 1992. This surge propelled Oracle’s market value up by approximately $244 billion, bringing its total valuation to a staggering $922 billion. As a result, Oracle leapfrogged from the 13th to the 10th most valuable company in the S&P 500, surpassing corporate giants like Eli Lilly, Walmart, and JPMorgan Chase.

Ellison, Oracle’s largest individual shareholder, briefly claimed the title of the world’s richest person as his wealth momentarily outpaced Musk’s. However, by the close of trading on Wednesday, Musk regained the top spot with a net worth of $384.2 billion, just $1 billion ahead of Ellison. The razor-thin margin underscores the intense competition among the world’s wealthiest individuals, whose fortunes are increasingly tied to the volatile performance of their companies’ stocks.

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Musk, the visionary behind Tesla, SpaceX, and xAI, has been a dominant figure atop the Bloomberg Billionaires Index since first claiming the title in 2021. His reign has not been without challenges, having been briefly overtaken by LVMH’s Bernard Arnault in 2021 and Amazon’s Jeff Bezos in 2024. Nevertheless, Musk has held the top spot for just over 300 days since reclaiming it in 2024, a testament to the enduring strength of his business empire.

Oracle’s remarkable performance reflects the growing global demand for artificial intelligence infrastructure, a sector where the company has positioned itself as a key player. The company’s bullish earnings forecast, driven by robust AI-related growth, sent shockwaves through the market, elevating Ellison’s wealth and Oracle’s standing among Wall Street’s elite. Meanwhile, Musk’s wealth, largely tied to Tesla’s electric vehicle dominance and SpaceX’s aerospace innovations, remains a formidable force, with his net worth fluctuating in response to market dynamics and his companies’ ambitious projects.

This billionaire tug-of-war highlights the unprecedented wealth creation driven by technology and AI, with Musk and Ellison embodying the fierce competition at the pinnacle of global finance. As Oracle continues to capitalize on the AI boom and Musk pushes the boundaries of innovation through his ventures, their battle for the title of the world’s richest person is likely to remain a closely watched saga.

For now, Musk holds the crown, but with Ellison hot on his heels, the race for the top spot is far from over. Investors and market watchers alike will be keeping a close eye on both tycoons as their companies shape the future of technology and redefine the boundaries of wealth.

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