Larry Ellison, right, was propelled past fellow tech billionaire Elon Musk, left, yesterday to take the crown as the world’s richest person.
The value of the Oracle co-founder’s stake in the software group was worth $387bn alone after its shares rose more than 40 per cent following bumper results. Musk’s worth is about $384bn, Bloomberg’s Billionaire Index says.
Oracle’s rapid growth caught traders by surprise after it said revenue from its infrastructure unit would jump from $18bn this year to $144bn in five years — nearly 60 per cent higher than the $91bn that Wall Street had expected.
Before yesterday’s surge to $334, Oracle’s share price had already gained more than 40 per cent this year. Its market value rose from $466bn at the start of the year to $943bn yesterday.
Information
- Show
- FrequencyUpdated Daily
- PublishedOctober 16, 2025 at 11:00 PM UTC
- Length1 min
- Episode9
- RatingClean
