Larry Ellison became the world's richest person on September 10, 2025, following a historic surge in Oracle's stock price.
Historic Stock Rise of Oracle
Oracle's stock surged by 40% in a single day, bringing the company's market capitalization to nearly $785 billion. Ellison's net worth climbed to $393 billion, surpassing the previous leader, Elon Musk.
Impact on Financial Markets
The rise in Oracle's stock significantly affected financial markets; however, there was no immediate impact on cryptocurrencies such as Bitcoin and Ethereum. This indicates that Oracle's success is rooted more in traditional financial markets.
Prospects for AI and Cloud Technologies
According to forecasts, Oracle is positioning itself as a leader in cloud and AI technologies, which may indirectly affect the market for tokens related to these innovations. Analysts expect that Oracle's successes will support broader enterprise cloud adoption.
Thus, Larry Ellison's financial achievement not only highlights Oracle's victory in the stock market but also presents new challenges and opportunities for the technology sector.
