Oracle’s Larry Ellison is worth more than Bank of America after doubling his wealth this year to nearly $400 billion

• Larry Ellison has roughly doubled his wealth this year to nearly $400 billion.

• The Oracle cofounder’s net worth exceeds Bank of America’s $385 billion market value.

• Ellison’s fortune has grown thanks to Oracle stock jumping 97% this year on AI optimism.

Larry Ellison is about twice as rich now than at the start of the year, and is personally worth more than Bank of America.

The Oracle cofounder’s fortune grew by an unmatched $195 billion in 2025, reaching $388 billion at Monday’s close, per the Bloomberg Billionaires Index.

That figure exceeds the $385 billion market value of Bank of America, which generated over $100 billion of revenue and $27 billion of net income last year, and ranks among the world’s 30 most valuable public companies.

Ellison, Oracle’s chairman and tech chief, is the world’s second-wealthiest person after Tesla and SpaceX CEO Elon Musk, who’s worth $452 billion.

Ellison is more than $100 billion richer than Meta CEO Mark Zuckerberg and Amazon chairman Jeff Bezos, who rank third and fourth on the rich list with fortunes of $269 billion and $250 billion, respectively.

Ellison owns about 41% of Oracle’s stock, which has soared 97% this year to record highs. Investors expect Oracle to play a critical role in building the infrastructure needed to power the AI boom.

Oracle’s contract backlog grew by over 350% year on year last quarter to $455 billion, as it struck huge deals with AI giants such as ChatGPT maker OpenAI.

CEO Safra Catz projected the company’s cloud infrastructure revenue would rise 14-fold from around $10 billion last financial year to $144 billion in the year ending May 2030 — a sum that’s about 2.5 times Oracle’s total revenue of $57 billion last financial year.

Ellison’s net worth has roughly quintupled within the past three years, as Oracle’s shares have climbed from under $70 to $328 at Monday’s close.

The billionaire, who lives on a Hawaiian island, also bought about 1.6% of Tesla before joining the board of Musk’s EV maker in December 2018. The holding is worth over $20 billion today if he still has it.

He stepped down in 2022 and no longer has to disclose his stake.

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