How Larry Ellison's wealth dipped after 'world's richest' title

Business Nov 15, 2025

For a brief moment in September 2024, Oracle's Larry Ellison topped the world's richest list, edging past Elon Musk.
This happened after a $300 billion spending commitment from OpenAI sent Oracle's stock skyrocketing—but the celebration didn't last long.

The quick rise... and fall

Ellison's net worth jumped by $101 billion in just one day, reaching $393 billion—Oracle hadn't seen a stock spike like that since 1992.
But within two months, Oracle's value dropped by a third and those gains vanished.
As Oracle cooled off, Musk quickly reclaimed his spot at the top, thanks to Tesla and SpaceX.
It just goes to show how fast fortunes can change in tech when big bets on AI and cloud computing are involved.