NDTV Profitยท2025-09-10 08:03Core Insights - Larry Ellison, co-founder of Oracle, has seen his net worth increase by $70 billion in one day due to Oracle's strong outlook for its cloud business, positioning him as a contender for the title of the world's richest person [1][2] - Ellison's net worth has reached $364 billion, bringing him close to Elon Musk's $384 billion, according to the Bloomberg Billionaires Index [2] - If Ellison's gains hold when trading begins, it will mark the largest one-day increase ever recorded by the index [3] Company Insights - Oracle Corp. has delivered an aggressive outlook for its cloud business, which has significantly impacted its stock price and Ellison's net worth [1][2] - Ellison serves as chairman and chief technology officer of Oracle, indicating his pivotal role in the company's strategic direction and performance [2] Industry Insights - The competition for the title of the world's richest person highlights the volatility and rapid changes in wealth within the tech industry, particularly among leaders in cloud computing and software [1][3] - The significant one-day increase in Ellison's wealth underscores the potential for substantial financial shifts based on company performance and market reactions [3]