Larry Alison became the world’s richest person
There has been a big upset in the list of rich people of the world. Larry Alison, co-founder and chairman of OraCle, has now become the richest person in the world. He has secured the first place, leaving Alan Musk behind. Alison’s total assets have now reached $ 393 billion, which exceeds Musk’s assets of $ 385 billion. The reason for this historical change caused a strong jump in the shares of Oracle. As soon as the US stock market opened on September 10, the company’s shares jumped up to about 40%, which increased $ 100 billion in Elison’s net worth in a single day.
History created at the age of 81 years
The recent quarterly results of Oracle were far better than expected. The company has also predicted great growth in future, which further increased the trust of investors. This directly affected the company’s stocks on September 10, which climbed about 40% in a single day. This is considered to be the biggest one of the biggest leaps in the history of Oracle so far.
Larry Ellison, who is 81 years old, is the chairman of Oracle and being the Chief Technology Officer as well as co-founder of the company. He has a 40% stake in his company, and this is the mainstay of his property. This speed of shares brought him directly to number-1.
Musk lost the crown after 300 days
Alan Musk re -achieved the title of world’s richest person last year and remained on top for more than 300 days since then. But in 2025, the situation was not good for Tesla. So far this year, the company’s shares have fallen by about 13%, which has reduced the net worth of Musk. However, Tesla’s board has declared a big salary package for Musk. If Musk meets the goals of the company, they can also become a person with the world’s first trillion dollars.
Alison also has a stake in Tesla
Oracle’s current market value has now reached $ 958 billion. Alison not only has a 40% stake in Oracle, but also has a stake in Tesla. He has been on Tesla’s board from 2018 to 2022. Alison’s business interests are not limited to technology only. He owns the Hawaiian island Lanai and is also the owner of the Indian Wells Open Tennis tournament. He has a strong presence in technology, investment and sports.
Property even more bounce is possible
When the market closed on 9 September, Ellison’s assets were $ 293 billion. But the very next day a gain of $ 100 billion brought him to a new height. If ORACLE shares continue to continue the same process, then Ellison will soon join the club of $ 400 billion.