Oracle co-founder Larry Ellison experienced a meteoric rise in his net worth, adding a staggering $70 billion in a single day. This dramatic increase propelled him to the brink of dethroning Elon Musk as the world's richest person. While the exact reasons behind this monumental shift require deeper analysis, it highlights the volatile nature of extreme wealth and the significant impact of market fluctuations on the fortunes of tech titans. The Bloomberg Billionaires Index, a daily ranking of the world's 500 wealthiest individuals, reflects this unprecedented jump, placing Ellison in a position where even a minor market shift could potentially elevate him to the top. This development underscores the ongoing competition for the title of the world’s wealthiest individual and the dynamic forces influencing the global economy. The event serves as a reminder of the unpredictable nature of wealth accumulation in the technology sector, where rapid growth and equally swift declines are commonplace.
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Originally published at: https://www.bloomberg.com/news/articles/2025-09-10/oracle-co-founder-larry-ellison-closes-in-on-elon-musk-as-world-s-richest-man
