Michigan super booster behind Bryce Underwood breaks record surpassing Elon Musk with $101 billion fortune as world's richest man: REPORT

Garima
Syndication: Detroit Free Press - Source: Imagn
Syndication: Detroit Free Press - Source: Imagn

Larry Ellison, the billionaire co-founder of Oracle Corporation and a key figure in Michigan football’s recent recruiting success, has become the richest person in the world, surpassing Elon Musk after a jump in his net worth. His fortune soared by an unprecedented $101 billion in a single day, following Oracle’s quarterly earnings report that far exceeded Wall Street expectations.

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The company’s stock surged 41% on Wednesday, making its largest single-day increase ever. That gain pushed Ellison’s total net worth to $393 billion, moving him past Musk, whose net worth stands at $385 billion, according to the Bloomberg Billionaires Index.

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Ellison had helped in flipping former quarterback recruit Bryce Underwood to the University of Michigan. He and his wife, Jolin, a Michigan alumna whom he married in 2023, were reportedly “instrumental” in helping the Wolverines land the highly sought-after recruit, who was previously committed to LSU.

According to Michigan’s NIL collective Champions Circle, the Ellisons created an attractive NIL package for Underwood, reportedly worth $10 to $12 million over four years, including $3 million in his freshman year alone. Barstool Sports founder Dave Portnoy confirmed Ellison’s involvement in November, saying when Ellison “zeroes in on somebody, it’s a done deal.”

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Bryce Underwood’s performance in 2025 so far

Bryce Underwood is now two games into his freshman season at Michigan, and had a good debut. In Week 1 against New Mexico, he threw for 251 yards and a touchdown, leading the Wolverines to a 34-17 victory. In Week 2, he faced a harder challenge against Oklahoma, where Michigan lost 24-13, with Underwood finishing 9 of 24 for 142 yards.

Meanwhile, Larry Ellison made his fortune by co-founding Oracle in 1977 and currently serves as its chairman and chief technology officer. Most of his wealth is tied to the software giant, which has seen immense growth in its cloud infrastructure business.

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Also Read:

"He's handcuffing Bryce Underwood": Calls mount for Michigan OC Chip Lindsey's firing after "horrendous" play calling in 24-13 loss to Oklahoma


WATCH: Bryce Underwood's meltdown on sidelines goes viral as Michigan QB gets into heated argument with RB Justice Haynes during Oklahoma clash


CFB analyst Joel Klatt believes Underwood "not afraid" to lead Michigan to the next level in 2025

Edited by Garima
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