"Elon Musk can no longer claim the title of the world's richest man - at least for the time being. The net worth of Oracle CTO and co-founder, Larry Ellison, ballooned by $101 billion on Wednesday morning, bringing his total fortune to $393 billion, according to a report from Bloomberg. Ellison's wealth now surpasses Musk's, which sits at $385 billion, Bloomberg reports."
"Musk first topped the list of the world's richest people in 2021. Though he ended up losing the title to Amazon's Jeff Bezos and Bernard Arnault, the CEO of luxury brand LVMH, he slid back into the top spot last year and became the first person with a $400 billion net worth. Ellison's fortune soared after Oracle's latest earnings report suggested that its cloud infrastructure business would rake in a whopping $144 billion over the next four years."
Larry Ellison's net worth increased by $101 billion, reaching $393 billion and surpassing Elon Musk's $385 billion. The rise followed Oracle's earnings that projected its cloud infrastructure business could generate roughly $144 billion over the next four years. Elon Musk first reached the top of global billionaire rankings in 2021, later lost and then regained the lead, and became the first person with a $400 billion net worth last year. A potential Tesla shareholder-approved pay package could push Musk toward becoming the world's first trillionaire if executed.
Read at The Verge
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