Elon Musk was briefly usurped as the richest person on the planet overnight after Oracle’s share price boomed on Wednesday - with co-founder Larry Ellison’s stake in the firm making his personal net worth more than that of the Tesla CEO. However, by closing time the share price had given up some of those huge gains - leaving Musk back on top this morning, according to Bloomberg’s Billionaire Index.
In wider business news affecting the UK, pharmaceutical company Merck have pulled out of a £1bn investment in a research facility, while Primark’s owner ABF have sent a warning to Rachel Reeves to not put any further money concerns on the British public.
