Elon Musk dropped to second place in the ranking of the richest people in the world. The billionaire was bypassed by Oracle co-founder Larry Ellison.
Larry Ellison's fortune increased by $ 101 billion after the publication of the earnings report of the technology giant Oracle. According to Bloomberg, his assets now reach $ 393 billion, which exceeds the wealth of Elon Musk, which is currently estimated at $ 385 billion.
Ellison, the co-founder of Oracle, became the richest man in the world for the first time. According to the agency, the billionaire's fortune showed "the largest one-day increase in history."
Oracle published quarterly results that were slightly below expectations (revenue amounted to $ 14.93 billion). Nevertheless, the company faced a sharp increase in demand for the computing power of its data centers from customers using artificial intelligence, which led to an increase in its shares.
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