Larry Ellison surpasses Elon Musk as the richest person in the world
The Oracle chairman's net worth reached a total value of $393 billion thanks to the rise in the company's stock price.
Oracle Chairman Larry Ellison on Wednesday surpassed Elon Musk as the world's richest person after the value of his company's stock soared nearly 40% on Wednesday.
According to reports from Bloomberg, Ellison's net worth rose by more than $101.Billion dollars, reaching a total value of $393 billion.
Musk, whose fortune stands at $385 billion - according to the Bloomberg Billionaires Index ranking - remained at the top of the ranking for almost a year.
It is the first time in his career that Ellison has become the richest person in the world.
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