"By the numbers: As of 7 am, Oracle shares were up $75.77 in premarket trading. Ellison owns about 1.16 billion shares of Oracle, which means if that gain held in regular trading, his holdings' value would increase $87.8 billion in one day. Zoom out: According to Bloomberg's Billionaires Index, there are only 18 people on Earth, aside from Ellison, even worth that much to begin with."
"If the day gets even slightly better for him, Ellison could pass Elon Musk to become the world's richest person. Ellison's surge would pass a roughly $63 billion gain Musk reportedly saw in a single day last December, which until now had been considered the greatest one-day wealth increase ever. What to watch: Whether the stock lives up to the hype."
Oracle shares rose $75.77 in premarket trading as of 7 am. Larry Ellison owns about 1.16 billion Oracle shares, meaning that price increase would raise his holdings' value by roughly $87.8 billion if sustained in regular trading. Only 18 people beyond Ellison are worth as much as that gain, per Bloomberg's Billionaires Index. A further rise could push Ellison past Elon Musk to become the world's richest person. The potential gain would exceed Musk's reported roughly $63 billion single-day increase last December, previously considered the largest one-day wealth jump. The stock's ability to maintain gains remains uncertain.
Read at Axios
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