Tesla CEO Elon Musk is the richest person in the world with a net worth of $362 billion as of July 26 2025 according to Bloomberg Billionaires Index. However the tech mogul faces a serious challenger to his coveted throne from a close personal friend Larry Ellison the the co-founder of Oracle whose wealth has surged by whopping a $500 million (about Rs 4322.79 crore) per day over the past one year. How Larry Ellison could dethrone Elon Musk as worlds richest man? According to Bloomberg Billionaires Index Elon Musks net worth has dipped to $362 billion while that of Larry Ellison has surged to $296 billion making him the second wealthiest individual on the planet. Ellison net worth has grown by a staggering $104 billion in last 12 months including earning a $28.4 billion in a single day earlier this week. Musks lead over Ellison has shrunk to just $66 billion which may seem like a lot but considering the rate at which the Oracle founder is adding to his wealth he could potentially overtake the SpaceX boss within weeks if not days if his golden run continues. Notably Ellison added another $2.89 billion to his wealth on Friday taking his net worth to $296 just four billion short of the elusive $300 billion club. Who is Larry Ellison? Larry Ellison is the co-founder of US multinational tech giant Oracle Corporation. The 80-year-old owns 41 percent stake in the company and his wealth has exponentially increased due to a recent surge in Oracles stock prices. In June Ellisons wealth surged by a whopping $41 billion in just two days including $25 billion in a single day as per Bloomberg. Larry Ellison co-founded Oracle in 1977 as a database software company and over the years the firm has transformed into a global cloud computing powerhouse. Ellison 80 currently serves at the Chairman and CTO at Oracle. Interestingly Larry Ellison is a close friend of Elon Musk and a major investor in Tesla having previously served on the companys board December 2018 to August 2022. I dont know how many people know this... but I am a close friend of Elon Musk and a big investor in Tesla Ellison revealed in a 2018 interview. The Oracle boss has also come to Musks defense during several controversies involving the worlds richest man.