Yahoo Finance·2025-09-10 15:14Core Insights - Larry Ellison, cofounder of Oracle, has become the world's richest person for the first time, surpassing Elon Musk, due to Oracle's strong performance in the cloud-infrastructure sector [1][2]. Company Performance - Oracle's stock price surged by over 40% in morning trading, contributing to a doubling of its stock price year-to-date [3]. - The company reported winning several contracts expected to generate $455 billion in revenue, a significant increase from the previous year [5]. - Oracle's services have gained traction among AI companies, particularly following the rise of advanced large language models since the release of ChatGPT in 2022 [4]. Market Context - Ellison's net worth increased to $393 billion, while Musk's net worth stands at $385 billion, according to the Bloomberg Billionaire's Index [2]. - Tesla's stock has declined by 13% year-to-date, and its market share in the U.S. has reached its lowest level since 2017 [7].