Elon Musk just lost his title as world’s richest person

Elon Musk has lost his title of “world’s richest person” title to Oracle cofounder Larry Ellison.

Ellison’s wealth jumped by $101 billion to $393 billion after Oracle’s stunningly strong earnings report Tuesday evening, surpassing Musk’s net worth of $385 billion, according to Bloomberg.

Oracle (ORCL) reported surging demand for its data center capacity from AI customers, launching the stock into the stratosphere. Shares are 40% higher Wednesday as of 11 a.m. ET. (CNN)

The post Elon Musk just lost his title as world’s richest person appeared first on Newswire.