Larry Ellison, co-founder of Oracle, has seen his wealth double in 2025, making him the second-richest person in the world after Elon Musk. According to the Bloomberg Billionaires Index, Ellison’s net worth reached $388 billion by the close of Monday, an increase of $195 billion for the year. This figure surpasses the $385 billion market value of Bank of America, a major financial institution that generated over $100 billion in revenue and $27 billion in net income last year. Ellison, who serves as Oracle’s chairman and chief technology officer, now holds a fortune exceeding that of Meta’s Mark Zuckerberg and Amazon’s Jeff Bezos, who rank third and fourth with $269 billion and $250 billion, respectively. His wealth surge is driven by Oracle’s stock, which has soared 97% in 2025, climbing from under $70 to $328 per share. Ellison owns approximately 41% of Oracle’s shares, giving him a direct stake in the company’s rapid ascent. The company’s growth has been fueled by its expanding role in AI infrastructure. Oracle’s contract backlog jumped over 350% year-on-year in the latest quarter, reaching $455 billion, as it secured major deals with AI leaders including OpenAI, the maker of ChatGPT. CEO Safra Catz projected that Oracle’s cloud infrastructure revenue will grow 14-fold—from about $10 billion in the prior fiscal year to $144 billion by May 2030. That would represent roughly 2.5 times Oracle’s total revenue of $57 billion in the last fiscal year. Ellison’s net worth has roughly quintupled over the past three years, reflecting Oracle’s transformation into a central player in the AI era. His personal wealth has also been bolstered by a strategic investment in Tesla. In December 2018, he acquired a 1.6% stake in the company, which is now worth over $20 billion if he still holds it. Although Ellison stepped down from Tesla’s board in 2022 and is no longer required to disclose his holdings, his early investment has proven highly lucrative. The billionaire, known for his lavish lifestyle and private estate on a Hawaiian island, continues to shape the future of enterprise technology through Oracle’s aggressive push into AI-driven cloud computing.