THE GUARDIAN: Oracle co-founder’s shares rose by 40% in early trading, valuing his fortune at $393bn, just ahead of Musk’s $384bn
US tech billionaire Larry Ellison has overtaken Elon Musk as the world’s richest person after shares in Oracle, the business he co-founded, rocketed in early trading on Wednesday.
Ellison’s wealth has surged after the company, in which he owns a stake of 41%, reported better than expected financial results.
Oracle shares rose by more than 40% in early trading to $340 a share, valuing the business software company at $958bn (£707bn) and Ellison’s stake at $393bn, just ahead of Musk’s fortune of $384bn, according to Bloomberg’s billionaires index.
The jump in the shares is the company’s largest single-day increase ever and the biggest ever one-day wealth increase on the Bloomberg index. The pair sit comfortably ahead of Facebook founder Mark Zuckerberg and Amazon’s Jeff Bezos. » | Dan Milmo | Global technology editor | Wednesday, September 10, 2025
