Elon Musk Loses Title as Larry Ellison Takes Top Spot

The world’s richest person title has shifted hands, with Larry Ellison now topping the list after Oracle’s stock surged over 40%. This shift is largely attributed to significant AI-related earnings from Oracle. Meanwhile, Elon Musk saw his wealth decline as Tesla’s stock dipped significantly, impacting his net worth. While this marks a change in rankings, it highlights volatility within tech equity markets, driven by institutional investments and recent AI contracts.