Fox Businessยท2025-09-10 15:36Core Insights - Oracle's stock surge has significantly increased co-founder Larry Ellison's net worth, surpassing Tesla CEO Elon Musk to become the richest person in the world [1][5][8] - The stock price rose over 32% in after-hours trading and continued to increase, reaching a gain of over 39.6% by Wednesday morning [2][8] - Ellison's net worth increased by approximately $111 billion, with his holdings representing about 41% of Oracle's total outstanding shares [2][5] Stock Performance - Oracle's stock price jumped to $344.88, reflecting a change of +103.32 or +42.77% [8] - The surge in Oracle's stock was attributed to a positive earnings release that indicated strong sales and a bullish outlook for the cloud business [1][2] Wealth Comparison - Ellison's net worth rose to about $294 billion before the stock surge, while Musk's net worth was approximately $384 billion prior to the increase [5][9] - Following the stock surge, Ellison's wealth increased by around $70 billion in one day, allowing him to surpass Musk [5][6] Market Context - The net worth of both Ellison and Musk is closely tied to the stock performance of Oracle and Tesla, respectively [10]