Headline: UNCAPTIONED: Larry Ellison Overtakes Elon Musk as World's Richest Person
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Larry Ellison Overtakes Elon Musk as World’s Richest Person. Oracle co-founder Larry Ellison, 81, surpassed Elon Musk as the world’s richest person, according to Bloomberg, with a net worth of $393 billion. Musk’s Bloomberg-estimated net worth is $385 billion. The surge came after Oracle’s stock jumped more than a third in minutes following a blockbuster earnings report, driven by multibillion-dollar AI-related order. Meanwhile, Tesla stock, one of Musk’s main holdings, is down 14% so far this year. Forbes, which uses slightly different estimates for private holdings like SpaceX, still lists Musk at the top with $439 billion. Ellison’s fortune is so massive it could, in theory, fund the entire population of Florida for a year, based on median U.S. household income, or allow all of South Africa to take a year off, based on its GDP.
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Keywords: Current Affairs & Politics,Larry Ellison,Elon Musk,Oracle,Tesla,net worth,AI boom,billionaire rankings,richest person,Bloomberg,SpaceX,Forbes
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