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International Business Times UK
International Business Times UK
World
Melvin Gascon

Who is The Richest Man in the World: Tesla's Elon Musk or Oracle's Larry Ellison?

Elon Musk Larry Ellison Oracle Tesla Inc. SpaceX
Oracle cofounder Larry Ellison, whose fortune surged after a sharp rally in Oracle’s stock, has briefly overtaken Tesla chief Elon Musk as the richest man in the world, according to Bloomberg’s Billionaires Index. (Credit: AP)

Oracle cofounder Larry Ellison has claimed the title of world's richest person from Tesla chief Elon Musk, reaching a net worth of $395 billion after Oracle shares rocketed 40 per cent in a single trading session.

The dramatic wealth shift, confirmed by the Bloomberg Billionaires Index, marks the most significant single-day fortune increase ever recorded and signals a broader transformation in the tech economy as artificial intelligence drives unprecedented valuations.

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