Ellison Tops Musk as World’s Richest Man After $101 Billion Gain
Larry Ellison, the co-founder and CTO of Oracle Corporation, briefly became the world's richest person on Wednesday, surpassing Elon Musk, the CEO of Tesla. This occurred due to a significant increase in the share price of Oracle, which added a record $101 billion to Ellison's net worth. The article states that Ellison's net worth reached a peak of $115 billion, briefly overtaking Musk's wealth. However, Musk's net worth remains high, fluctuating based on the performance of Tesla's stock. The article highlights the volatile nature of wealth rankings, as the world's richest individuals can change positions rapidly due to the dynamic nature of stock markets and the value of their respective companies.
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