Larry Ellison topples Elon Musk as the world’s richest person

Larry Ellison added a record amount to a leap in Oracle Shares, and Elon Musk soon passed to become the richest person in the world.

Ellison’s wealth rose $ 89 billion ($ 135 billion) after reporting Oracle’s three -month results exceeding the expectations of analysts and saying that there was more growth.

The increase increased its total net value to $ 383.2 billion. According to Bloomberg billionaire index. The biggest daily increase that has been recorded so far and put it in front of Musk before returning to Tesla CEO $ 1 billion polar position.

Musk became the richest person in the world in 2021 before losing the title of Jeff Bezos from Amazon.com and Bernard Arnault from LVMH. He took it back last year and held it for more than 300 days.

81 -year -old Ellison, who is the president and chief technology officer who is the president and chief technology officer after leaving the university, has a large part of his net value in the database software company.

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Oracle’s shares, which have already won 45 percent at the closing of Tuesday this year, increased by 36 percent on Wednesday after the company has made a major increase in reservations and an aggressive point of view for cloud infrastructure business. Since 1992, the company’s largest one -day earnings, as well as General Manager Safra Catz has added $ 97 million to the net value.

Tesla shares, on the contrary, fell by 13 percent this year. The company’s board proposed a large payment package for Musk that could make it the world’s first trillioner in the world if it has achieved a series of ambitious goals.

Oracle emphasizes the need for global AI developers to continue to accelerate their investments – the customer Openai predicts that it will require trillions of dollars over time to develop and execute their services. Oracle emerges as a key provider for cloud leaders Amazon, Microsoft and Google.