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Larry Ellison, co-founder and chairman of Oracle, has overtaken Elon Musk as the world's richest person after a remarkable 40% surge in Oracle's shares, which resulted in a staggering single-day gain of $101 billion, bringing his net worth to $393 billion. Musk's wealth, on the other hand, fell by nearly $49 billion due to Tesla's stock stagnation. This unprecedented wealth shift highlights the volatility of tech stocks and their impact on billionaire rankings.