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Larry Ellison's fortune has surged by approximately $100 billion, propelling him ahead of Elon Musk in the rankings of the world's wealthiest individuals, according to Bloomberg. Ellison's net worth is estimated at $393 billion, while Musk's stands at $385 billion.

The dramatic rise in Ellison's wealth is attributed to Oracle's impressive performance in the cloud sector, with the company's stock experiencing a significant increase. As Oracle anticipates substantial growth in cloud revenue, it also aims to secure large-scale computing power contracts for AI applications.