Oracle’s co-founder Larry Ellison has now become the richest person in the world. Due to a jump of more than 41% in the company’s stock in a single day, his net worth increased by about 9 lakh crore rupees, which is more than the net worth of India’s richest businessman Mukesh Ambani.
According to Bloomberg’s report, Tesla’s founder Elon Musk has now slipped to second place. Larry Ellison’s net worth has gone up to $393 billion i.e., about Rs 34.60 lakh crore. While Elon Musk’s net worth is $385 billion i.e., about Rs 33.90 lakh crore.
Top-10 richest people in the world in Bloomberg Index
Name | Net Worth (in lakh crores)
Larry Ellison: ₹34.60
Elon Musk: ₹33.90
Mark Zuckerberg: ₹23.69
Jeff Bezos: ₹22.72
Larry Page: ₹18.49
Sergey Brin: ₹17.26
Steve Ballmer: ₹15.06
Bernard Arnault: ₹14.35
Jensen Huang: ₹13.12
Warren Buffett: ₹13.03
Net worth increased by ₹9 lakh crores in a day for the first time
On Tuesday evening, Oracle (ORCL) released its quarterly results, which were much better than expected. The company said that due to the increasing demand for Artificial Intelligence (AI), the demand for their data center and cloud services is skyrocketing.
Oracle CEO Safra Catz said in an analyst call on Tuesday that the company signed four big billion-dollar contracts with three different customers in the first quarter. This brought their bookings to $455 billion, which is four times more than last year.
Oracle Chairman and Chief Technology Officer Ellison owns 116 crore shares of the company. According to the Bloomberg Billionaires Index, his net worth increased by $101 billion (about ₹9 lakh crores) in a day, which is the biggest one-day record jump in the history of this index.
Musk was the richest person in the world for 300 days
Elon Musk was the richest person in the world for the last 300 days. A large part of his net worth comes from Tesla and SpaceX, but this year Tesla’s shares have fallen by 14%, reducing Musk’s net worth.
On the other hand, Oracle’s shares have risen 103% so far in 2025. Another reason for the decrease in Musk’s net worth was the fluctuations in his other companies, such as SpaceX and xAI.
Recently, Tesla has proposed a $1 trillion package for Musk, but for this the company will have to achieve big targets, such as selling 20 million vehicles and making 1 million AI robots.
The Ambani family has secured the top position in the Hurun India Most Valuable Family Businesses list of 2025. The valuation of their business has reached Rs 28 lakh crore, which is equal to about one-twelfth of India’s GDP.
At the same time, the Kumar Mangalam Birla family is at number two in the list. The valuation of their business has reached Rs 6.5 lakh crore. The Jindal family has also made it to the top three. The valuation of their business is Rs 5.7 lakh crore.