New Delhi, Sep 11 (NationPress) Larry Ellison, the Co-founder and Chief Technology Officer of the US software powerhouse Oracle, has claimed the title of the world's richest individual, surpassing Elon Musk, the CEO of Tesla. This remarkable shift in wealth was driven by a dramatic rise in Oracle's stock prices, which soared significantly.

According to Forbes’ real-time billionaire rankings, Ellison's wealth surged by $101 billion, elevating his total net worth to $395.7 billion after Oracle shares experienced a remarkable rally, increasing by 41 percent on the New York Stock Exchange (NYSE) — the most substantial rise since 1992. In contrast, Musk's wealth has decreased following a 14 percent decline in Tesla shares in 2025.

The surge in Oracle's stock is attributed to its bold forecast for cloud services, responding to the escalating demand for artificial intelligence computing, which has propelled the company's market value to $947 billion.

For 300 days, Musk held the top spot in global wealth rankings. He first ascended to the title of the world’s richest person in 2021, briefly losing it to Jeff Bezos and Bernard Arnault of LVMH last year before reclaiming it.

At the age of 80, Ellison continues to play a vital role as the Chairman and CTO of Oracle. Having founded the company in 1977, he served as CEO until 2014. His fortune is intricately linked to the software company, which had already seen a 45 percent increase this year prior to the recent surge.

Oracle anticipates a revenue growth of 12–14 percent and a cloud revenue growth of 32–36 percent for the upcoming quarter. Recently, Oracle has been instrumental in the U.S. government's initiative for AI advancement, working alongside OpenAI and SoftBank under President Donald Trump's Project Stargate.

Ellison has been outspoken regarding Oracle's vision for AI, suggesting that it will usher in a new era of surveillance, where technology will enhance public behavior through continuous monitoring and reporting.