"Elon Musk's stint as the world's richest person came to a temporary end on Sept. 10, when it was revealed that Larry Ellison, the founder of Oracle, had seized the top position following a substantial $101 billion boost to his wealth. Ellison's rise to the pinnacle of the billionaire rankings was propelled by Oracle's robust quarterly results and promising outlook, which resulted in a remarkable 43% bump in the company's stock prices and a staggering $101 billion increase in Ellison's personal wealth."
"The sudden windfall briefly propelled Ellison's net worth to $393 billion, surpassing Musk's $385 billion, according to the Bloomberg Billionaires Index. Musk has, however, since overtaken the lead-with just $1 billion separating the fortunes of the two men as of Sept. 11. Ellison's fortune surged by $101 billion overnight, propelling him to become the world's richest man. The significant shift in wealth occurred after Oracle's impressive quarterly results were released, leading to a surge in the company's stock price."
On Sept. 10 Larry Ellison temporarily became the world's richest person after Oracle's stock jumped 43% following strong quarterly results and an upbeat outlook, adding $101 billion to his net worth. The surge briefly raised Ellison's net worth to $393 billion, surpassing Elon Musk's $385 billion on the Bloomberg Billionaires Index. By Sept. 11, Musk had reclaimed the top spot, with about $1 billion separating the two fortunes. Ellison's wealth increase was driven largely by his stake in Oracle and the market reaction to the company's earnings and guidance.
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