Kathmandu. There has been a big change in the list of the world’s top billionaires. Elon Musk, the world’s No. 1 richest man for a long time, has lost his crown. Larry Ellison, the 81-year-old tech tycoon and co-founder of Oracle, has surpassed him to become the richest person in the world. This feat has been achieved due to the sudden increase in his wealth of more than $ 100 billion in a single day.
Tech giant Oracle Corporation announced its impressive quarterly results and then caused a sudden stir in the list of the world’s top billionaires. In fact, after the results, its co-founder Larry Ellison’s net worth increased by $ 101 billion, and the company’s stock saw a record jump.
According to the Bloomberg Billionaires Index, Ellison’s net worth has reached $393 billion as of 10:10 a.m. in New York, making him the richest person in the world, surpassing Elon Musk. Elon Musk, the world’s richest man for a long time, has a net worth of $ 385 billion.
With this achievement, Elon Musk, the owner of companies like Tesla and SpaceX, has ended his long tenure as the world’s richest person. Even at this age, Ellison, 81, is still doing his job as Oracle’s president and chief technology officer. The majority of his net worth is concentrated in the income from his company.
Oracle’s stock has surged strongly this year, and co-founder Larry Ellison has risen sharply on the list of the wealthiest and is now the wealthiest. Oracle’s stock is up more than 45% so far in 2025. Shares rose 41% to 4,328.33 on Wednesday.
Tesla and SpaceX CEO Elon Musk won the title of the world’s richest person for the first time in 2021. However, it remained with Amazon founder Jeff Bezos and LVMH Chairman Bernard Arnault for a while. But last year, Musk took the top spot due to a sharp increase in wealth. But this year’s sharp decline in Tesla’s stock has had a direct impact on his net worth. Tesla’s stock fell 13 percent.
