This week, Oracle founder Larry Ellison, 81, grew to become the world’s richest individual, albeit briefly, overtaking Tesla and SpaceX CEO Elon Musk. Ellison’s wealth grew by $89 billion, reaching $383.2 billion on Wednesday, the biggest one-day soar in historical past, per Bloomberg. It was his first time within the No. 1 spot.
It was short-lived. By the top of the day on Wednesday, Musk, 54, had re-taken the highest spot once more, this time by solely $1 billion.
Associated: Meet David Ellison, Larry Ellison’s Son Who Took Over at Paramount
Ellison’s wealth grew attributable to Oracle’s sturdy earnings report on Tuesday, which had Wall Road “shocked.” The earnings assertion confirmed that within the first quarter of the yr alone, Oracle had signed 4 multi-billion-dollar contracts.
“It was an astonishing quarter,” mentioned Oracle CEO Safra Catz.
Musk, in the meantime, has been within the prime spot on and off since 2021 and had been perched there for the final 300 days earlier than Ellison took over for a lot of the day Wednesday.
At press time, Musk is sitting on a complete web price of $384 billion, whereas Ellison is at $383 billion, per the Bloomberg Billionaire Index.
Associated: These Luxurious Yachts Are Owned By A number of the Wealthiest Individuals in Tech
This week, Oracle founder Larry Ellison, 81, grew to become the world’s richest individual, albeit briefly, overtaking Tesla and SpaceX CEO Elon Musk. Ellison’s wealth grew by $89 billion, reaching $383.2 billion on Wednesday, the biggest one-day soar in historical past, per Bloomberg. It was his first time within the No. 1 spot.
It was short-lived. By the top of the day on Wednesday, Musk, 54, had re-taken the highest spot once more, this time by solely $1 billion.
Associated: Meet David Ellison, Larry Ellison’s Son Who Took Over at Paramount
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