Elon Musk Has Been overtaken by Oracle CEO Larry Ellison as the richest person in the world. Ellison’s Wealth Increased by More than $ 101 Billion on Wednesday After his Software Company Presented Excellent Quarterly Figures. The Stock Price Soared by A Third.
The Value of Oracle on the American Stock Exchanges Rose Sharply on Wednesday, Causing CEO Ellison’s Wealth to Grow to $ 393 Billion (335 Billion Euros). This is Reported by the Billionaires Index of News Agency Bloomberg . It is the Largest Single-Day Increase ever Measured by the Index.
Oracle is on the rise with investors because there is increasing interest in AI. The Company’s Cloud Division had Four Times As many orders last Quarter and Closed Several Billion-Dollar contracts.
Tesla CEO Musk is Left Behind with a fortune or $ 385 Billion. Sales of Electric Cars Fell Sharply Worldwide, Partly Due to Musk’s Political Work for US President Donald Trump. However, he recovered more than 25 Billion Euros in extra shares in the Company Last Month.