Oracle-co founder Larry Ellison has toppled Tesla CEO Elon Musk on the global rich list and is now the richest individual in the world with a net wort of $393 billion surpassing Musks $385 billion fortune according to the Bloomberg Billionaires Index. Ellisons wealth surged by a staggering $101 billion on Wednesday after Oracle Corp posted quarterly results that beat expectations. The tech billionaires $101 billion wealth surge is the biggest-ever one-day increase recorded by Bloomberg. Who is Larry Ellison? Born in 1944 in New York City to Florence Spellman an unwed 19-year-old Jewish woman Larry Ellison contracted pneumonia when he was nine months old and given up for adoption by his birth mother to his mothers aunt and uncle Lillian and Louis Ellison. Larrys foster parents raised him in Chicago but he only learned that he was adopted at the age of 12 a discovery that would significantly shape his worldview. In 1977 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. The 80-year-old currently serves as the Chairman and CTO at Oracle Corporation and owns 41 percent of the companys shares. How Larry Ellison became worlds richest man? Larry Ellisons wealth has exponentially increased due to a recent surge in Oracles stock prices including an astonishing $101 billion increase-- the largest-ever recorded by Bloomberg-- on Wednesday which catapulted him past Elon Musks $385 billion net worth. In June Ellisons wealth surged by a whopping $41 billion in just two days including $25 billion in a single day as per Bloomberg. 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. What is Larry Ellisons net worth? As per the Bloomberg Billionaires Index Larry Ellison has a net worth of $393 billion as of September 10 2025 making him the wealthiest person on the planet ahead of Tesla boss Elon Musk who sits at the second spot with a $385 billion fortune. However as per Forbes Real Time Billionaires List Elon Musk remains the worlds richest man boasting a net worth of $440 million while Larry Ellison is ranked second with a $406.3 billion fortune making him the second individual after Musk to breach the coveted $400 billion mark.