"Move over, Musk. There's a new billionaire in town."
"Elon Musk, the multi-billionaire Tesla boss and former White House first buddy, has been knocked from the top of the world's richest list, CNN reported Wednesday. The title now belongs to Larry Ellison, the co-founder of software giant Oracle."
"The news comes days after Musk was in line to become the world's first trillionaire after signing a bonus package with Tesla. This is a developing story and will be updated."
Larry Ellison has overtaken Elon Musk as the world's richest person. Ellison is the co-founder of software giant Oracle. Elon Musk is a multi-billionaire Tesla boss and former White House first buddy. Musk was recently positioned to become the world's first trillionaire after signing a bonus package with Tesla. The shift in rankings occurred days after that bonus package. The rankings change reflects fluctuations tied to corporate compensation and market value. The situation remains developing and may change as market valuations and compensation details evolve.
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