Larry Ellison briefly overtakes Elon Musk as world’s richest person
Oracle co-founder Larry Ellison briefly overtook Elon Musk as the world's richest person on Wednesday. Ellison's net worth rose to $393 billion due to a 40% surge in Oracle's share price, edging out Musk's $384 billion fortune. The two tech billionaires are in a close race for the top spot, with their wealth fluctuating based on the performance of their respective companies. Ellison's wealth is closely tied to his stake in Oracle, a leading enterprise software company, while Musk's net worth is predominantly driven by his ownership of Tesla shares. The brief exchange in the ranking of the world's richest person underscores the volatile nature of wealth in the tech industry, where fortunes can shift rapidly based on market conditions and company performance.
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