Hawaii’s New King: Oracle Founder Larry Ellison Dethrones Elon Musk as World’s Richest Person

LANAI, HAWAII – In a seismic shift atop the global wealth rankings, Hawaii-based technology magnate Larry Ellison has officially become the world’s richest person, surpassing Tesla CEO Elon Musk. The change was registered at the close of the stock market on Wednesday, September 10, 2025, in a stunning reordering of the planet’s wealthiest individuals.

According to the authoritative Bloomberg Billionaires Index, a daily ranking of the world’s richest people, Ellison’s net worth surged to an estimated $393 billion. This placed him comfortably ahead of Musk, whose fortune was valued at approximately $385 billion at the market’s close.

The dramatic ascent is largely attributed to a powerful and sustained rally in the stock price of Oracle Corporation, the enterprise software and cloud computing giant Ellison co-founded in 1977. As the company’s chairman, Chief Technology Officer, and largest shareholder, Ellison’s personal wealth is intrinsically tied to Oracle’s market performance. Recent successes in the company’s cloud infrastructure and artificial intelligence divisions have fueled investor confidence, sending its valuation to new heights.

At 81, Ellison’s rise to the top spot is a remarkable chapter in a storied career that has defined Silicon Valley for decades. While he is a global figure in technology and business, his influence is perhaps most profoundly felt on the Hawaiian island of Lanai. In 2012, Ellison purchased 98% of the island, transforming it into a bastion of luxury tourism and sustainable wellness initiatives. His vision has reshaped the island’s economy and infrastructure, making him not just a tech mogul, but a modern-day land baron with a deep connection to Hawaii.

Ellison’s rise displaces Elon Musk, who has held the title of the world’s richest person for much of the recent past. The fortunes of the world’s top billionaires are often volatile, rising and falling with the stock prices of the companies they lead. Musk’s wealth is primarily linked to his stakes in Tesla and the privately held SpaceX.

This latest reshuffling underscores the dynamic nature of the tech industry, where innovation in areas like cloud computing and AI can create staggering value. For now, the title of the world’s richest person belongs to the titan of enterprise software, who oversees his global empire from his Pacific island paradise.