Larry Ellison tops Elon Musk as richest person
19 hours ago
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- Larry Ellison surpasses Elon Musk as the world's richest person with a net worth of $393bn.
- Oracle's shares surged over 40% due to positive cloud infrastructure and AI business outlook.
- Elon Musk's wealth drops to $385bn, impacted by Tesla's stock decline and political controversies.
- Oracle projects a 77% revenue jump in its cloud business, reaching $18bn this year.
- Ellison, Oracle's co-founder, has strong ties to President Trump and media ambitions, including potential TikTok acquisition.
- Ellison funded an $8bn bid by his son to acquire Paramount, expanding his media influence.