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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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348 Articles
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.
·Paris, France
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OFSS Share Price: Stock surges 7 per cent after Larry Ellison briefly became world's richest man
Stock surges 7 per cent after parent company founder Larry Ellison briefly became world's richest man Technically, Oracle Finance Services Software is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
·India
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For a few hours, Larry Ellison overtook Tesla CEO Elon Musk as the world's richest person.
·Copenhagen, Denmark
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Coverage Details
Total News Sources348
Leaning Left55Leaning Right47Center79Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 30%
C 44%
R 26%
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