Larry Ellison has overtaken Elon Musk as the world’s wealthiest individual after Oracle’s stock surge boosted his net worth by $110 billion in one morning. The 81-year-old Oracle founder now holds $393 billion compared to Musk’s $383 billion. Ellison’s wealth increase followed a 41% jump in Oracle’s stock price Wednesday due to artificial intelligence excitement. The company’s shares have risen 45% this year. Most of Ellison’s fortune stems from roughly 1.1 million Oracle shares he has owned for approximately 25 years. Musk had held the top position for over 300 consecutive days. The billionaire rankings have shifted frequently since 2021, with Musk, Jeff Bezos, and Bernard Arnault trading places. This marks Ellison’s first time as the richest person globally. (Story URL)
