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International Business Times
International Business Times
Business

Musk's Title Of Richest Person Challenged By Oracle's Ellison

Oracle Larry Ellison Elon Musk Tesla Inc.
A surge in Oracle shares lifted Larry Ellison into a close race with Tesla's Elon Musk as the world's wealthiest person (Credit: AFP)

Billionaire Elon Musk is at risk of losing his title as the world's wealthiest person to Oracle co-founder Larry Ellison, whose software giant is poised for massive AI riches.

Ellison, 81, amassed about $100 billion in additional wealth Wednesday as Oracle shares skyrocketed after the nearly 50-year-old company forecast massive revenue growth amid the artificial intelligence investment boom.

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