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Musk loses crown as world's richest to software giant Larry Ellison

Larry Ellison, Oracle co-founder, briefly surpassed Elon Musk as the world's richest person, according to Bloomberg, after Oracle's stock surged over 30% following a strong earnings report driven by AI-related contracts. Ellison's net worth reached $393 billion, exceeding Musk's by several billion. However, Forbes still lists Musk as the richest, citing different valuation methods for Musk's private holdings. The discrepancy highlights the complexities in assessing real-time net worth, particularly for individuals with substantial private company stakes.

Prepared by Christopher Adams and reviewed by editorial team.

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