{"id":1300044,"date":"2025-09-11T08:21:15","date_gmt":"2025-09-11T02:51:15","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1300044"},"modified":"2025-09-11T08:21:59","modified_gmt":"2025-09-11T02:51:59","slug":"for-few-hours-elon-musk-was-dethroned-as-worlds-richest-person-by-this-entrepreneur","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/for-few-hours-elon-musk-was-dethroned-as-worlds-richest-person-by-this-entrepreneur\/","title":{"rendered":"For Few Hours, Elon Musk Was Dethroned As World&#8217;s Richest Person By This Entrepreneur"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Oracle\u2019s Market Rally Fuels Ellison\u2019s Surge<\/h3>\n\n\n\n<p>Larry Ellison\u2019s wealth skyrocketed on Wednesday as Oracle shares rose over <strong>40% in early trading<\/strong> following stronger-than-expected financial results. At its peak, the company\u2019s market value touched nearly <strong>$960 billion<\/strong>, pushing Ellison\u2019s 41% stake to <strong>$393 billion<\/strong>. This briefly edged out Elon Musk\u2019s $384 billion fortune, according to Bloomberg\u2019s Billionaires Index.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"944\" height=\"618\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-at-8.20.28\u202fAM.png\" alt=\"For Few Hours, Elon Musk Was Dethroned As World's Richest Person By This Entrepreneur\" class=\"wp-image-1300051\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-at-8.20.28\u202fAM.png 944w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-at-8.20.28\u202fAM-300x196.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-at-8.20.28\u202fAM-768x503.png 768w\" sizes=\"auto, (max-width: 944px) 100vw, 944px\" \/><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Musk Regains the Top Spot<\/h3>\n\n\n\n<p>Ellison\u2019s lead was short-lived. Oracle stock later closed up <strong>36% at $328 per share<\/strong>, valuing his holdings at <strong>$378 billion<\/strong>. This put Musk, with an estimated $384 billion net worth, back in front. The two now sit comfortably ahead of other billionaires, including <strong>Mark Zuckerberg<\/strong> and <strong>Jeff Bezos<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Beyond Oracle: Ellison\u2019s Expansive Wealth<\/h3>\n\n\n\n<p>At 81, Ellison\u2019s fortune extends far beyond Oracle. He owns a stake in <strong>Tesla<\/strong>, the <strong>Indian Wells tennis tournament<\/strong>, a <strong>sailing team<\/strong>, and even the Hawaiian island of <strong>Lanai<\/strong>. He also invested <strong>$1 billion in Musk\u2019s Twitter (X) takeover<\/strong> and served on Tesla\u2019s board from 2018 to 2022, underscoring his close ties with Musk.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">A Relationship of Rivals and Mentors<\/h3>\n\n\n\n<p>Despite competing for the world\u2019s richest title, Ellison and Musk share a long-standing relationship. Ellison is often described as a <strong>mentor to Musk<\/strong>, hosting him regularly on Lanai. Both have also aligned politically at times, with Ellison openly supporting Donald Trump and Musk backing Trump\u2019s 2024 campaign before their falling out earlier this year.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">AI Boom Driving Oracle\u2019s Growth<\/h3>\n\n\n\n<p>The surge in Ellison\u2019s wealth is largely linked to Oracle\u2019s growing role in <strong>artificial intelligence infrastructure<\/strong>. Its cloud services are powering companies like <strong>OpenAI<\/strong>, which rely on massive datacenters to train and deploy AI models. This AI-driven demand has positioned Oracle as a key competitor to cloud giants Amazon and Microsoft.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">The Billionaire Contest Continues<\/h3>\n\n\n\n<p>Musk first became the world\u2019s richest man in 2021, later yielding the title to Jeff Bezos and Bernard Arnault, before regaining it last year. With Ellison\u2019s Oracle fortunes tied to the AI wave, the contest for the world\u2019s top billionaire is intensifying \u2014 and may see further shifts in the months ahead.<\/p>\n\n\n\n<p><a href=\"https:\/\/indianexpress.com\/article\/world\/oracles-larry-ellison-topples-elon-musk-to-become-the-richest-man-in-the-world-for-the-first-time-10242294\/\">Image Source<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Oracle\u2019s Market Rally Fuels Ellison\u2019s Surge Larry Ellison\u2019s wealth skyrocketed on Wednesday as Oracle shares rose over 40% in early trading following stronger-than-expected financial results. At its peak, the company\u2019s market value touched nearly $960 billion, pushing Ellison\u2019s 41% stake to $393 billion. This briefly edged out Elon Musk\u2019s $384 billion fortune, according to Bloomberg\u2019s [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1300051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[240,8463],"class_list":["post-1300044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-elon-musk","tag-oracle"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>For Few Hours, Elon Musk Was Dethroned As World&#039;s Richest Person By This Entrepreneur - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/for-few-hours-elon-musk-was-dethroned-as-worlds-richest-person-by-this-entrepreneur\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"For Few Hours, Elon Musk Was Dethroned As World&#039;s Richest Person By This Entrepreneur - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Oracle\u2019s Market Rally Fuels Ellison\u2019s Surge Larry Ellison\u2019s wealth skyrocketed on Wednesday as Oracle shares rose over 40% in early trading following stronger-than-expected financial results. 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