Oracle co-founder Larry Ellison shot to the top of the ranking of the world’s wealthiest people yesterday after his company’s stock price jumped 35.95% in one day. Joseph Curl reports in The New York Sun:

An Oracle co-founder, Larry Ellison, on Wednesday reached a historic milestone, claiming the top spot in the global wealth rankings for the first time in his career by knocking off Tesla’s CEO, Elon Musk.

The 81-year-old tech mogul overtook Mr. Musk following a surge in Oracle’s stock price that added an unprecedented $101 billion to his fortune in a single trading day.

According to the Bloomberg Billionaires Index, Mr. Ellison’s net worth reached $393 billion as of 10:10 a.m. in New York, surpassing Mr. Musk’s $385 billion. The figure represents the largest single-day wealth increase ever recorded by the index.

The dramatic shift came after Oracle Corporation delivered exceptional quarterly results far exceeding Wall Street’s expectations. The database software giant’s stock soared as much as 41 percent on Wednesday, marking the company’s largest single-day surge in its history. Oracle shares had already gained 45 percent year-to-date through Tuesday’s close before the remarkable jump.

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