Elon Musk Is No Longer The World’s Richest Person, Here’s Who Dethroned Him

[Conservative Angle]

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You can no longer call Elon Musk the world’s richest man.

On Wednesday, Elon Musk was dethroned as the world’s richest person after Oracle founder Larry Ellison saw a massive wealth increase.

Ellison, whose wealth was previously valued at $101 billion, saw his net worth jump to $393 billion, surpassing Musk, who is worth $385 billion.

CNN provided more details on Ellison’s massive wealth gain:

Elon Musk has lost his title of “world’s richest person” title to Oracle cofounder Larry Ellison.

Ellison’s wealth jumped by $101 billion to $393 billion after Oracle’s stunningly strong earnings report Tuesday evening, surpassing Musk’s net worth of $385 billion, according to Bloomberg.

Oracle (ORCL) reported surging demand for its data center capacity from AI customers, launching the stock into the stratosphere. Shares are 40% higher Wednesday as of 11 a.m. ET.

CEO Safra Catz announced Tuesday after the stock market closed that Oracle signed four multibillion-dollar contracts with customers during the quarter, and she expects to sign several more in the coming months.

That electric forecast was powered by Oracle’s emergence as a key provider of infrastructure that powers AI companies’ enormous demands for computing power – Oracle’s bread and butter as a cloud services and database software provider. In July, Oracle announced a deal to provide ChatGPT’s parent company OpenAI with 4.5 gigawatts of electricity to power its AI software.

Ellison is Oracle’s largest individual shareholder and could capture the title of world’s richest person if the stock extends its extraordinary gains when the markets open Wednesday. The stock’s jump is exceedingly rare for a company that has a massive market value of just under $700 billion – the 13th most-valuable stock on the market at Tuesday’s close.

Bloomberg notes Ellison’s leap in wealth is the “biggest one-day increase ever recorded” recorded by the index. The Bloomberg Billionaire Index will update following the market close on Wednesday.

Here’s a current top five list of the world’s richest people:

World's Richest People (Bloomberg)

1. Larry Ellison $393 billion
2. Elon Musk $385 billion
3. Mark Zuckerberg $269 billion
4. Jeff Bezos $258 billion
5. Larry Page $210 billion pic.twitter.com/cCIKMYR1IP

— Morning Brew

(@MorningBrew) September 10, 2025

Ellison’s reign as the world’s richest person may not last long.

Earlier this week, it was reported that Elon Musk may become the world’s first trillionaire.

Newsweek reported on what Musk needs to do in order to meet the trillionaire status:

Elon Musk could become the first individual to reach a trillion-dollar net worth if Tesla shareholders approve a new compensation plan and he meets aggressive company goals over the next decade.

The proposal, announced by Tesla’s board, would award Musk hundreds of millions of Tesla shares if he drives the company’s market value to $8.5 trillion, a figure that exceeds the current combined market caps of Meta, Microsoft and Alphabet.

If the compensation plan is approved and the targets are met, Musk would receive an additional 423.7 million Tesla shares, potentially adding $900 billion to his current net worth, according to TIME. That would make him the highest-paid executive in history and the first person to surpass the thirteen-digit mark in personal wealth.

To receive the full payout, Musk must lead Tesla to a market capitalization of $8.5 trillion, up from its current $1.1 trillion value.

The goals include one million robotaxis in commercial operation and delivery of one million humanoid robots within ten years, as per ABC News.

The plan also ties Musk’s compensation to the mass production of autonomous robotaxis and humanoid robots, technologies Tesla believes could redefine both transportation and labor. The vote on the pay package is expected at Tesla’s upcoming annual shareholders meeting on November 6.

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