13Photo© dnaindia.comThis man beats Elon Musk to become world’s richest man, his name is…, net worth is Rs…
World's richest man: Larry Ellison has become the world’s richest person for the first time, all thanks to his fortune tied to Oracle Corp.’s stocks, which surged nearly 41 per cent on Wednesday. The 81-year-old billionaire has surpassed Elon Musk, who held the top spot for nearly a year.
He is the chairman, chief technology officer (CTO) and co-founder of software giant Oracle. Ellison holds a roughly 41 per cent stake in the firm. He stepped down from the Oracle CEO role in 2014 after 37 years at the helm.
Ellison was also on Tesla's board from 2018 to 2022. He owned 45 million split-adjusted shares before stepping down as a director. Ellison also owns nearly 50% of media giant Paramount Skydance, which formed after an August 2025 merger of Paramount and his son David's Skydance. In 2020, Ellison moved to the Hawaiian island Lanai, which he bought in 2012 for USD 300 million.