Breaking: Larry Ellison Dethrones Elon Musk as World’s Richest Person Amid Oracle AI Boom

Oracle co-founder Larry Ellison has surged past Elon Musk to claim the title of the world’s richest individual, a dramatic shift attributed to a stunning rally in Oracle’s stock price. The change in ranking, confirmed by Bloomberg’s wealth tracker early Wednesday, sees Ellison’s net worth soar to an estimated $393 billion, several billion more than Musk.

The monumental rise in Ellison’s fortune follows a blockbuster earnings report from Oracle, driven by multi-billion dollar orders from customers as the global artificial intelligence (AI) race intensifies. Conversely, stock in one of Musk’s primary holdings, Tesla, has seen a 14% decline this year, contributing to his fall from the top spot he held for four years.

While Bloomberg places Ellison at the pinnacle, other wealth trackers like Forbes still list Musk as the wealthiest, citing different methodologies for valuing private holdings such as SpaceX. Regardless, Ellison’s rapid ascent highlights the immense financial impact of the burgeoning AI sector on the tech industry’s titans.

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