by Alex Ingram in Business

Oracle co-founder Larry Ellison became the world's richest person, briefly surpassing Elon Musk, according to Bloomberg. This shift occurred after Oracle's stock price surged over 30% following a strong earnings report driven by significant AI-related orders. Bloomberg estimated Ellison's net worth at $393 billion, exceeding Musk's by several billion. However, Forbes still ranked Musk as the wealthiest, citing differences in valuation of Musk's private holdings, particularly SpaceX. The discrepancy highlights the challenges in accurately assessing the net worth of individuals with substantial private investments.