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Larry Ellison Dethrones Elon Musk As World's Richest Man - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessLarry Ellison Dethrones Elon Musk As World's Richest Man (33527 Views)

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Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Skeyskey(f): 8:50pm On Sep 10, 2025
MarkNsukkaBread:
What skill are you trying to learn?

Mention it here, you never know someone might be able to help you
Did I tell you that I'm lacking or trying to learn a skill? Always opening your mouth waaa
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by idalex: 8:50pm On Sep 10, 2025
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by geoworldedu: 8:50pm On Sep 10, 2025
I will be the one to overtake this man aswear, but I need just 4 more characters to do that.
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by MarkNsukkaBread: 8:51pm On Sep 10, 2025
Astromath:
I believe Bill get would have remained there if he wanted
He was on top for a whole 10 years until he gave almost 99% of his wealth to charity
I would do exactly what Bill Gates did when my wealth gets to this level grin

The maximum amount of money a person needs to enjoy quality living for the rest of his life can't be more than $50 million
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Konquest:
nlfpmod:
Elon Musk has lost his title as the world's richest person to Larry Ellison, the co-founder of Oracle and an ally of US President Donald Trump.

Ellison's wealth surged to $393bn (£290bn) on Wednesday morning, surpassing Musk's $385bn (£284bn), according to the Bloomberg Billionaires Index.

Shares in Oracle soared more than 40% after the database software company gave investors a surprisingly rosy outlook for its cloud infrastructure business and artificial intelligence (AI) deals.


Ellison, [b]whose net worth is tied to the company, has steadily built his fortune over the past five decades.

Musk had held the title of world's richest person for nearly one year. He could receive a pay package worth over $1tn (£740bn) if he hits a list of ambitious targets over the next decade, the board of the electric car firm has proposed.

But shares in Musk's most valuable business, Tesla, have fallen this year.

The electric vehicle maker has grappled with investor jitters over the Trump administration's rollback of electric vehicle initiatives, on top of consumer backlash to Musk's political involvement.

Oracle has recently been propelled by growing demand for data centre infrastructure.

The company projected as part of its quarterly earnings report on Tuesday that revenue from its cloud business will jump 77% this year, to $18bn, with further growth expected in the coming years.

Oracle has reported a surge in demand among AI companies for its data centres, which helped push its stock dramatically higher.

It signed four multibillion-dollar contracts with customers in the last quarter and anticipates several more deals in the months ahead, chief executive Safra Catz said on Tuesday.

Trump ties and media ambitions
Ellison, 81, helped start Oracle in 1977 and rose to prominence in the 1990s, when he became a public figure known as much for his lavish lifestyle as for the database company behind his fortune.[/b]

He was Oracle's chief executive until 2014 and is now the company's chairman and chief technology officer.

And he has positioned himself as an ally to President Trump.

When Trump returned to the White House in January, Ellison appeared alongside OpenAI's Sam Altman and SoftBank's Masayoshi Son to announce a project called Stargate, to build out AI infrastructure in the US.

Oracle has also emerged as a possible buyer of TikTok, the app owned by the Chinese internet company ByteDance. TikTok is facing a ban in the US unless it divests itself of its ByteDance ownership.

In January, when asked whether he was open to Musk buying TikTok, Trump responded: "I'd like Larry to buy it, too."


Ellison's media ambitions extend beyond TikTok.

He funded the bulk of a $8bn bid by his son to acquire Paramount, which owns CBS and MTV.

That deal between Paramount and the media company Skydance, which is controlled by his son David, closed last month.
Source: https://www.bbc.com/news/articles/cx2rp992y88o
Elon Musk has lost his title as the world's richest person to Larry Ellison, the co-founder of Oracle and an ally of US President Donald Trump.

Ellison's wealth surged to $393bn (£290bn) on Wednesday morning, surpassing Musk's $385bn (£284bn), according to the Bloomberg Billionaires Index.
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Yankee101: 8:51pm On Sep 10, 2025
Larry was not the founder of Oracle
Elon was not the founder of Tesla
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by FavouriteOfGod(f): 8:52pm On Sep 10, 2025
doublechief96:
E go sweet trump like mad . Well over taking is allowed
I think President Donald Trump is always strategic with his alliance... That has always been his approach at growing his business to a multi-billion dollars empire over decades and long before he even became president the first term
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Astromath(m): 8:52pm On Sep 10, 2025
Skeyskey:
Exactly. But I've seen some trying to acquire a skill but later stopped due to accute hunger. No one can learn anything on empty stomach.
If you noticed
All the top richest men are founders
They created something and overtime it grew. If you know how much Elon don lose for that him company before getting to where he is, head go pain you. It's never an easy journey my friend
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by wallrichy: 8:53pm On Sep 10, 2025
What a fuc!!! I have always said it that the next richest man in the world would definitely be from that particular technological advancement called AI....it's so infectious that practically everything in this our present lives is AI influenced and enhanced......even me, as I dey drive so, na AI dey show me road and even driving my Bugatti.....it's so interesting.....guys in IT......more butter to your elbows.....read and research more to be able to break that present threshold of AI advancement. It's infinitesimal, the road to breakthrough is an open road, open sesame in Aladdin, in Germany here, we dey call am Autobahn, just press the pedal down to the highest of the highest, only success will caution you.....Oya my IT guys.....
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Astromath(m): 8:53pm On Sep 10, 2025
MarkNsukkaBread:
I would do exactly what Bill Gates did when my wealth gets to this level grin

The maximum amount of money a person needs to enjoy quality living for the rest of his life can't be more than $50 million
Exactly 💯
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Skeyskey(f): 8:53pm On Sep 10, 2025
Astromath:
If you noticed
All the top richest men are founders
They created something and overtime it grew. If you know how much Elon don lose for that him company before getting to where he is, head go pain you. It's never an easy journey my friend
Exactly.
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by MarkNsukkaBread: 8:54pm On Sep 10, 2025
Skeyskey:
Did I tell you that I'm lacking or trying to learn a skill? Always opening your mouth waaa
Was that not what you said a whiIe ago?

Meanwhile stop pretending to be a female, we already know you're male grin
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Angelfrost(m): 8:54pm On Sep 10, 2025
Trump do Elon strong thing...!

Business and Politics can never be truly separated! cool

You cannot go very far in business if you don't know how to play your politics.

Just ask Dangote and Elumelu... They are prime examples of what I'm talking about. tongue


Anyway... Musk is getting that crown back! It's inevitable.
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Astromath(m): 8:54pm On Sep 10, 2025
Skeyskey:
Did I tell you that I'm lacking or trying to learn a skill? Always opening your mouth waaa
😂😂😂
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Skeyskey(f): 8:55pm On Sep 10, 2025
MarkNsukkaBread:
Was that not what you said a whiIe ago?

Meanwhile stop pretending to be a female, we already know you're male grin
At your last sentence, then take me to court.
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by fabolouz1(m): 8:55pm On Sep 10, 2025
It's temporary just as when Jeff bezos did.
When he eventually meet the threshold where Tesla have set he get his payout , he will become the world's first trillionaire in dollars .
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by jrobbins: 8:56pm On Sep 10, 2025
datola:
Lol. They are called Forbes or papper billionaires

But really they do have the cash but not this much. Most of the wealth is mere/real valuation.

How was Musk able to buy Twitter for over 40 billion USD
All those Arabs flexing money anyhow will not even feature here

These CEO's money are in shares.
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Nobody: 8:56pm On Sep 10, 2025
Omoawoke:
Don’t be fooled, it’s all valuation not real cash
Money is not even real anymore for these guys at this stage

Money is only real to people in need
If not for 'valuation' cash too is ordinary paper.

Money is money whether in cash or digit
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Astromath(m): 8:57pm On Sep 10, 2025
geoworldedu:
I will be the one to overtake this man aswear, but I need just 4 more characters to do that.
What are you building 👀
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Astromath(m): 8:58pm On Sep 10, 2025
Angelfrost:
Trump do Elon strong thing...!

Business and Politics can never be truly separated! cool

You cannot go very far in business if you don't know how to play your politics.

Just ask Dangote and Elumelu... They are prime examples of what I'm talking about. tongue


Anyway... Musk is getting that crown back! It's inevitable.
Musk is definitely getting it back
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by InvertedHammer: 8:59pm On Sep 10, 2025
datola:
Lol. They are called Forbes or papper billionaires

But really they do have the cash but not this much. Most of the wealth is mere/real valuation.

How was Musk able to buy Twitter for $44 billion of they donr have the 'cash'?
/

It is because you think that money is just banknotes.

Those who invented the monetary system will listen to your explanation and smile in disbelief. You are thinking like a peasant--the kind who don't understand how a man that lives in a mansion and flies private jet as a CEO only earns $1 salary.

/
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Adakintroy: 9:00pm On Sep 10, 2025
Tech men are the richest.

It's a matter of time they collaborative again consciousness and take over world power completely. Elon is at the door. It in line with the natural order that the more intelligent once dispose the lesser
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by jaxxy(m): 9:01pm On Sep 10, 2025
How does someone make $101 billion in a single day??

The power of American technology Industry.
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Astromath(m): 9:02pm On Sep 10, 2025
InvertedHammer:
/

It is because you think that money is just banknotes.

Those who invented the monetary system will listen to your explanation and smile in disbelief. You are thinking like a peasant.

/
Ona just won kill me this evening 😂😂
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Astromath(m): 9:02pm On Sep 10, 2025
jaxxy:
How does someone make $101 billion in a single day??
😩😩😩😩
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by CodeTemplarr: 9:03pm On Sep 10, 2025
Wealth counter.
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Astromath(m): 9:03pm On Sep 10, 2025
Adakintroy:
Tech men are the richest.

It's a matter of time they collaborative again consciousness and take over world power completely. Elon is at the door. It in line with the natural order that the more intelligent once dispose the lesser
Exactly
Make these Nigerian youths dey shout school na scam waka
Time will tell🤦
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by DMerciful(m): 9:07pm On Sep 10, 2025
Elon will pass him in less than a month.
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by aribisala0(m): 9:08pm On Sep 10, 2025
datola:
Lol. They are called Forbes or papper billionaires

But really they do have the cash but not this much. Most of the wealth is mere/real valuation.

How was Musk able to buy Twitter for $44 billion of they donr have the 'cash'?
It is not valuation
People paid money to buy shares in Oracle today
$41 Billion worth of deals were done today
The shares were $240 yesterday . Trading just closed 8 minutes ago the shares closed at $328
Not valuation that is the amount of cash that charged hands in one day
More money than has entered Nigeria in many months
Real transfers
It is not valuation when a company has cash and pays dividends to shareholders
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by Omoawoke(m): 9:15pm On Sep 10, 2025
FaAbData:
If not for 'valuation' cash too is ordinary paper.

Money is money whether in cash or digit
Do you know anything about finance?
Re: Larry Ellison Dethrones Elon Musk As World's Richest Man by shadrach77: 9:16pm On Sep 10, 2025
See how the guy is dressed in that picture. Yet person wey no get anything go dey buga dey show off anyhow
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