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Larry Ellison, co-founder and executive chairman of Oracle, has overtaken Elon Musk as the world's richest person, with a net worth of $393 billion compared to Musk's $385 billion. This shift was driven by a dramatic 40% surge in Oracle's stock after the company reported exceptional quarterly results, including a 49% growth in its cloud infrastructure segment. Ellison's fortune increased by $101 billion in a single day, marking the largest daily gain recorded in the Bloomberg Billionaires Index.