Larry Ellison is now the world's richest person—but how did he surpass Elon Musk so quickly?
Oracle's co-founder recently reclaimed the top spot, briefly losing it to Musk before regaining it. Ellison's net worth currently sits at approximately $147.7 billion. This marks a significant shift in the rankings of global wealth.
The surge in Ellison's fortune is largely attributed to a substantial $89 billion increase in his wealth within a single day. This impressive gain highlights the volatility and potential for rapid change in the world of high finance.
A key factor contributing to Ellison's wealth has been Oracle's consistent stock buyback program over the years. These buybacks have boosted the value of existing shares, benefiting Ellison and other shareholders.
This change in leadership could signal a broader shift in the tech landscape, potentially influencing investment strategies and future business decisions.
