Larry Ellison, Oracle's co-founder, has become the world's richest person, surpassing Elon Musk. Oracle's stock surged 42% following a blockbuster earnings report, boosting Ellison's net worth to $393 billion. The surge is attributed to several multi-billion dollar contracts secured by Oracle for its cloud data services, including a reported $300 billion deal with OpenAI. Ellison's wealth is largely tied to his significant Oracle shareholding, while Musk's is primarily linked to Tesla's fluctuating stock price.

Prepared by Christopher Adams and reviewed by editorial team.