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Larry Ellison Could Now Overtake Elon Musk and Rise to the Richest Person in the World
Larry Ellison's net worth surged by over $100 billion after Oracle's stock rose more than 40%, driven by AI cloud infrastructure growth and multibillion-dollar contracts, Bloomberg reported.
- Larry Ellison surpassed Elon Musk to become the world's richest person, with a net worth of $393 billion compared to Musk's $385 billion, according to Bloomberg.
- Ellison's wealth increased by $101 billion after Oracle's stock surged by over 41% due to strong earnings and demand for cloud services.
- Oracle's CEO announced an increase in revenue expectations, contributing to the stock's rise and Ellison's wealth growth.
- Musk was previously the richest person for nearly a year before Ellison's rise.
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382 Articles
He was one of the founders of Oracle Larry Allison on September 10, 10, and became the richest man in the world in the Bloomberg version, overtaking the head of Tesla and SpaceX, Ilon Mask.
leprogres.fr
vosgesmatin.frJust a few billion more... On Wednesday, thanks to a leap in the action of his company Oracle, Larry Ellison passed Elon Musk in the Bloomberg ranking of the richest in the world. But little, and it shouldn't last: Elon Musk should see his fortune triple if his plan is validated.
US tech billionaire Larry Ellison is neck-and-neck with Elon Musk in the race to become the world's richest person, after narrowly overtaking the Tesla CEO on Wednesday.
The 81-year-old tech magnate, at the head of the giant Oracle, benefited on Wednesday from a huge market boost that allowed him, according to the Bloomberg media, to temporarily surpass Tesla's boss in the ranking of the world's greatest wealth.
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