{"id":515,"date":"2025-09-10T17:28:28","date_gmt":"2025-09-10T17:28:28","guid":{"rendered":"https:\/\/globaltaalenthq.com\/?p=515"},"modified":"2025-09-15T08:52:29","modified_gmt":"2025-09-15T08:52:29","slug":"elon-musk-dethroned-as-worlds-richest-person","status":"publish","type":"post","link":"https:\/\/globaltaalenthq.com\/index.php\/2025\/09\/10\/elon-musk-dethroned-as-worlds-richest-person\/","title":{"rendered":"Elon Musk dethroned as world's richest person"},"content":{"rendered":"

Oracle co-founder Larry Ellison has dethroned Tesla CEO Elon Musk as the world\u2019s richest person. <\/p>\n

Ellison\u2019s net worth grew a massive $101 billion Wednesday morning to $393 billion, surpassing Musk\u2019s $385 billion fortune, according to Bloomberg<\/a>.  <\/p>\n

The surge in Ellison\u2019s wealth comes after Oracle\u2019s stock soared 40 percent Wednesday. The company reported earnings late Tuesday, touting several multibillion-dollar contracts that are expected to result in $455 billion in future revenue. <\/p>\n

\u201cIt was an astonishing quarter\u2014and demand for Oracle Cloud Infrastructure continues to build,\u201d Oracle CEO Safra Catz said in a statement. <\/p>\n

Catz added that the cloud company plans to sign up several more multibillion-dollar customers in the next few months, which could push its remaining performance obligations above $500 billion.\u00a0<\/p>\n

She also laid out an ambitious forecast for Oracle\u2019s cloud infrastructure division, with the company expecting a 77 percent increase in revenue to $18 billion in fiscal year 2026. It further anticipates cloud infrastructure revenue will grow to $32 billion, $73 billion, $114 billion and $144 billion over the following four years. <\/p>\n

Musk, who has held the title of the world\u2019s richest person for nearly a year, saw his net worth surge to a peak of $486 billion last December. However, his wealth declined significantly earlier this year, as his government work weighed heavily on his companies, most notably Tesla. <\/p>\n","protected":false},"excerpt":{"rendered":"

Oracle co-founder Larry Ellison has dethroned Tesla CEO Elon Musk as the world\u2019s richest person.  Ellison\u2019s net worth ...<\/p>","protected":false},"author":1,"featured_media":517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/515"}],"collection":[{"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/comments?post=515"}],"version-history":[{"count":1,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/515\/revisions"}],"predecessor-version":[{"id":516,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/515\/revisions\/516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/media\/517"}],"wp:attachment":[{"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/media?parent=515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/categories?post=515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/tags?post=515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}