Mask was bypassed: there is now another richest entrepreneur on the planet

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.