Oracle's Earnings Boost Ellison's Net Worth by 19% to $250.9 Billion

Oracle cofounder Larry Ellison has ascended to the position of the second-richest person globally, following a significant surge in the value of his cloud computing business's stocks last week. Ellison's net worth increased by over $40 billion, surpassing the wealth of Jeff Bezos and Mark Zuckerberg, and reaching a high of $250.9 billion. However, Ellison still trails behind his close friend Elon Musk, who holds a fortune of $405.8 billion.

Ellison's remarkable rise in the billionaire rankings was driven by Oracle's recent earnings report, which triggered a substantial increase in the company's share price. With approximately 41% of Oracle’s shares in his name, Ellison saw his net worth climb by over $40 billion in just a few days. On Thursday last week, his fortune grew by $25 billion, and increased by another $16 billion on Friday, marking two of the largest daily increases in billionaire net worth that week.

This surge in wealth has positioned Ellison ahead of Amazon’s founder, Jeff Bezos, who is currently worth $229 billion, and Mark Zuckerberg, who has a $240 billion net worth. However, Ellison has not yet surpassed Elon Musk, who remains the world’s richest man with $405 billion in riches. There is nearly a $155 billion difference between their net worths, indicating that Ellison has significant ground to cover if he hopes to reach the number one spot.

The Oracle stock frenzy that propelled Ellison to a $250 billion fortune began last Wednesday when the company's earnings report was released. The report highlighted Oracle’s total revenue for the 2025 fiscal year, which rose by 8%, reaching $57.4 billion. The $1.70 adjusted earnings per share outperformed expectations, alongside unprecedented $15.9 billion in sales. One day after these figures were released, Oracle’s stock soared by 13%, and by midafternoon Friday, it rose another 7% to a record of $215 per share.

Ellison, the chairman and CTO of Oracle, subsequently enjoyed an 11-figure surge in net worth. Last Tuesday afternoon, the day before the cloud computing titan released its earnings report, Ellison’s net worth stood at $213 billion. While the 80-year-old entrepreneur may feel on top of the world right now, the volatility of billionaire wealth is well-documented. For instance, Bernard Arnault, founder and CEO of luxury fashion house LVMH, was the world’s richest person at the start of 2024 with $231 billion. Today, he’s in seventh place with a net worth of $142 billion, thanks to tumbling stocks.

However, analysts predict that Oracle’s 2026 fiscal year, starting this month, will be a “major inflection point” for the business’ cloud infrastructure services, driven by “massive demand for AI training workloads.” Ellison himself sees the promise of what lies ahead. “Oracle’s future is bright in this new era of cloud computing. Oracle will be the number one cloud database company,” Ellison said in the business’ earnings call last Friday. “Oracle is already prospering in this new era of cloud computing and AI, and it’s just the beginning.”

Ellison sees the next year as a new frontier for Oracle, which could mean another big payout for the executive. But even if he takes the number one spot for the world’s richest person, Musk probably won’t have hard feelings—after all, they’re good friends. “I am not sure how many people know, but I’m very close friends with Elon Musk, and I’m a big investor in Tesla,” Ellison said during a 2018 conference call with analysts. Ellison and Musk are two peas in a pod—both are wildly successful tech entrepreneurs with big personalities. The Oracle cofounder has repeatedly defended Musk, arguing against public backlash that he “doesn’t know what he’s doing,” saying he “loved” articles about the Tesla founder “smoking dope.”