Larry Ellison has become the world’s richest person for the first time, surpassing Elon Musk

Larry Ellison has become the world’s richest person for the first time, surpassing Elon Musk

Larry Ellison, the founder of Oracle, has become the world’s richest person for the first time, surpassing Elon Musk, who had been at the top of the list of the planet’s wealthiest individuals for nearly a year.

This was reported by Radio Liberty.

By 10:10 AM New York time, the wealth of 81-year-old Ellison increased by $101 billion following the release of Oracle Corp.’s quarterly report, which exceeded forecasts and indicated prospects for further growth of the company.

As a result, Ellison’s net worth reached $393 billion, according to the Bloomberg Billionaires Index. This marked the largest single-day increase in wealth ever recorded in the history of this index.

Currently, Elon Musk’s net worth stands at "only" $385 billion.