Larry Ellison became the richest person in the world

Today, an important development occurred in the financial sector. This was reported by Zamin.uz.

Larry Ellison, founder of Oracle, surpassed Tesla and SpaceX founder Elon Musk to become the richest person in the world. This was officially reported by the Bloomberg agency.

Ellison's total wealth is estimated at around 393 billion dollars, exceeding Musk's financial capital of 385 billion dollars. Notably, Ellison achieved a record income of 101 billion dollars in one day.

This was recorded as the largest one-day increase in the Bloomberg ranking. For the past year, Elon Musk had maintained the top position.

Previously, he was considered one of the richest people in the world alongside Amazon founder Jeff Bezos and LVMH CEO Bernard Arnault. In the current ranking, Jeff Bezos is in fourth place, while Bernard Arnault is in eighth.

Ellison's wealth mainly increased due to positive results in Oracle's cloud technology sector. The company's shares rose by 41 percent on Wednesday, showing a 45 percent increase since the beginning of the year.

Meanwhile, Tesla shares fell by 13 percent, which negatively affected Musk's financial indicators. According to financial experts, Larry Ellison's record growth not only strengthened his personal capital but also indicated new trends in the technology and investment markets.

This situation is expected to be a new source of inspiration for companies in the technology sector and a factor that will further intensify competition.