Article

Larry Ellison, co-founder of Oracle Corporation, briefly became the world's richest person after his net worth soared to $392.6 billion due to a nearly 40% surge in Oracle's stock following a strong earnings report. This increase was driven by significant growth in cloud infrastructure and AI services, alongside multi-billion dollar contracts with major tech firms.

Although Ellison's wealth briefly surpassed Elon Musk's, by the end of trading, Musk regained the top spot as Oracle’s stock retreated slightly. This event highlights the volatile nature of wealth in the tech industry.