Larry Ellison nears Elon Musk as Oracle’s AI boom lifts co-founder’s fortune to $393 billion

Larry Ellison is closing in on Elon Musk’s crown as the world’s richest man, after a blistering rally in Oracle’s stock added nearly $100 billion to the co-founder’s wealth this year.

Ellison’s net worth has jumped to $392.6 billion, driven largely by his 41 per cent stake in Oracle, according to Forbes. That puts him within striking distance of Tesla CEO Musk, whose fortune stands at $439.9 billion.

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