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Larry Ellison, the 81-year-old founder of Oracle, has surpassed Elon Musk to become the richest person in the world, following a dramatic rise in Oracle's stock value. The company's shares surged approximately 40% after announcing optimistic forecasts for its cloud business, which is expected to continue growing significantly in the coming years. Ellison's fortune increased by around $100 billion to reach an estimated $393 billion, while Musk's wealth stands at approximately $385 billion according to Bloomberg.