American business man and co-founder of Oracle Corporation Larry Ellison has now briefly become the world’s richest person after Oracle’s strong quarterly results boosted his net worth to $393 billion, surpassing Elon Musk’s $385 billion.
This surge was fueled by Oracle’s shares skyrocketing 41% after the company reported a significant increase in bookings and provided an aggressive outlook for its cloud infrastructure business.
Oracle’s shares gained 41% after the company posted impressive quarterly results, driving Ellison’s net worth up by $101 billion in a single day.
Oracle’s cloud infrastructure business is experiencing significant growth, fueled by demand for artificial intelligence and cloud computing services.
Oracle’s partnerships with major companies, including Nvidia and TikTok, have contributed to its success.
Larry Ellison’s net worth is now $393 billion while Elon Musk’s is $385 billion.
