Oracle co-founder Larry Ellison overtakes Elon Musk to become world’s richest

Oracle co-founder Larry Ellison on Wednesday became the world’s richest person, surpassing Tesla chief Elon Musk, after a dramatic surge in his wealth.

According to Forbes’ real-time billionaire rankings, Ellison’s fortune rose by $101 billion, bringing his total net worth to $395.7 billion. The gain followed a historic rally in Oracle shares, which surged as much as 41% on Wednesday in New York, the steepest increase since 1992.

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