'Surpassing' Elon Musk, 81-year-old man suddenly becomes the richest person in the world

DNVN - On September 10, 2025, an unexpected event shook the world of technology billionaires: Larry Ellison, co-founder of Oracle, became the richest man in the world, dethroning Elon Musk. Although the position was restored shortly after, this moment had profound meaning as it reflected the ongoing shift in power and technological trends.

Billionaire Larry Ellison, co-founder of Oracle.

Oracle's Spectacular Jump

The event on September 10, 2025 marked a special turning point. Ellison's assets skyrocketed by nearly $90 billion in just one day, bringing his total net worth to $383 billion, almost equal to Elon Musk's $384 billion fortune. At one point, Ellison's assets even reached $393 billion, usurping Elon Musk's throne.

This extraordinary rise was fueled by a 43% surge in Oracle shares after the company announced a cloud services backlog exceeding $450 billion and signed a series of "huge" contracts with "big guys" in the field of artificial intelligence (AI) such as Nvidia and OpenAI. In the context of AI being the global focus, Oracle has positioned itself as a key infrastructure factor. Signing contracts worth hundreds of billions of dollars for cloud computing services proves that Oracle has successfully transformed from a traditional database company to a "giant" in the AI ​​revolution.

Meaning beyond numbers

Ellison’s moment overtaking Musk is about more than just numbers. If Musk represents the era of green energy, electric cars, and space exploration , Ellison represents the “AI infrastructure”—where cloud computing and data centers are the backbone of the AI ​​boom. Larry Ellison’s rise represents a shifting balance of power among the super-rich. In the AI ​​era, value comes not just from electric cars, rockets, or social media, but from the vast “data pipelines” where billions of AI models are being trained.

The balance of power shifts

Although Larry Ellison's reign as the world's richest man was brief, the event was enough to confirm that the competition between tech billionaires is no longer simply a ranking of rich and poor, but rather a determination of the industries that will lead the future.

Hien Thao

Source: https://doanhnghiepvn.vn/doanh-nhan/-vuot-mat-elon-musk-cu-ong-81-tuoi-bat-ngo-thanh-nguoi-giau-nhat-the-gioi/20250911015903294