A course rally for Oracle has in the last 24 hours filled 81-year-old Ellison's wealth with 101 billion dollars (approximately 940 billion kronor), which takes him past Elon Musk, whose wealth according to Bloomberg amounts to 385 billion dollars.
Oracle's course rally – which comes after a report with an unexpectedly positive AI forecast after Wall Street's closing on Tuesday – has lifted Ellison's total wealth to 393 billion dollars according to Bloomberg Billionaires Index.
The lift is the largest during a single day that has so far been recorded on Bloomberg's billionaires index.
Musk – with Tesla, X and Space X in his empire – has before the shift of power been the world's richest man for just over 300 days. Since the turn of the year, after a turbulent political year, Musk's wealth has shrunk by 48.8 billion dollars.
Ellison's wealth has at the same time since the turn of the year increased by just over 200 billion dollars.
