Stephen Lam/Reuters; Mike Blake/Reuters
Oracle CEO Larry Ellison has claimed the title of world’s richest person for the first time ever, dethroning Tesla chief Elon Musk.
Ellison’s net worth was up $101 billion on Wednesday, bringing him to $393 billion and putting him ahead of Musk, who is currently valued at $385 billion, data from the Bloomberg Billionaires Index showed.
The net-worth spike was driven by a huge move in Oracle stock, which rose as much as 41% on Wednesday at intraday highs.
This story is developing. Check back soon for more updates.
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