Current Affairs - Business - Discussion

Oracle co-founder Larry Ellison surpassed Elon Musk to become the world’s richest person in September 2025, with his net worth soaring to $395.7 billion. This dramatic rise was fueled by a 41% surge in Oracle’s stock, its biggest jump since 1992, largely driven by booming demand for AI and cloud computing services. Oracle’s strong revenue forecasts and rapid cloud growth positioned the company as a major contender against tech giants like Microsoft, Amazon, and Google. Ellison’s wealth increase of $101 billion in a single day highlights the transformative impact of AI-driven enterprise solutions on global markets and billionaire rankings.