Historic Jump of US$ 70 Billion in One Day Brings This Man Close to Elon Musk in Race for Richest Person in the World

Written by Romário Pereira de Carvalho

Published on 10/09/2025 at 16:00

Updated on 10/09/2025 at 16:02

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Larry Ellison Accumulates US$ 364 Billion After Oracle’s Historic Surge, While Elon Musk Remains at US$ 384 Billion, According to Bloomberg Billionaires Index

According to an article published by O Globo, Larry Ellison is about to surpass Elon Musk in the ranking of the richest people in the world. His fortune soared by US$ 70 billion in just one day, as Oracle released quarterly results that exceeded expectations in New York. The company also projected further growth, which boosted investor confidence.

The move raised the executive’s net worth to US$ 364 billion. This amount is very close to Musk’s fortune, which totals US$ 384 billion, according to the Bloomberg Billionaires Index.

Therefore, if the gains are confirmed at the opening of the market on Wednesday, Ellison will have recorded the largest wealth increase in a single day ever seen in the ranking.

ARTICLE CONTINUES BELOW

History of Leadership at the Top

Musk first took the title of the richest person in the world in 2021. However, he lost the title to Jeff Bezos of Amazon and Bernard Arnault of LVMH.

Despite this, he managed to regain leadership last year and has maintained the position for over 300 days.

Ellison, age 81, founded Oracle and currently serves as chairman and chief technology officer.

The majority of his fortune comes from the database software company, which continues to perform strongly.

Surge in Oracle’s Shares

Oracle’s shares had already accumulated a 45% increase this year up until the close of trading on Tuesday. Additionally, they surged over 26% in after-hours trading.

The jump occurred because the company reported strong growth in contract backlog and an aggressive projection for its cloud infrastructure division.

This was the largest one-day surge since 1999, consolidating Oracle as a key player in the sector and Ellison as a direct candidate to surpass Musk at the global top.

With information from O Globo.

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Historic Jump of US$ 70 Billion in One Day Brings This Man Close to Elon Musk in Race for Richest Person in the World

Larry Ellison Accumulates US$ 364 Billion After Oracle’s Historic Surge, While Elon Musk Remains at US$ 384 Billion, According to Bloomberg Billionaires Index

History of Leadership at the Top

Surge in Oracle’s Shares

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Historic Jump of US$ 70 Billion in One Day Brings This Man Close to Elon Musk in Race for Richest Person in the World

Larry Ellison Accumulates US$ 364 Billion After Oracle’s Historic Surge, While Elon Musk Remains at US$ 384 Billion, According to Bloomberg Billionaires Index

History of Leadership at the Top

Surge in Oracle’s Shares

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

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