Elon Musk is no longer the richest man in the world. Who at the dethroned, with a fortune of nearly $ 400 billion behind the Boom AI
Larry Ellison, during the Grand Formula 1 Prize of Great Britain, on the Silverstone, Towcester circuit, on the United King
Elon Musk lost the title of “the richest man in the world”, after the wealth of the co -founder of Oracle, Larry Ellison, recorded an explosive growth following spectacular financial results, writes CNN.
According to Bloomberg, Ellison's wealth increased by $ 101 billion, reaching 393 billion, thus exceeding Musk, who has a fortune of 385 billion.
The lightning growth comes after Oracle reported a huge demand on Tuesday evening for its databases, fueled by the artificial intelligence boom (AI).
Oracle shares climbed 41%on Wednesday, the highest daily jump since 1992, this result carrying the company near the threshold of $ 1 billion in stock market capitalization, notes News.ro.
The CEO Safra Catz announced the signing of four billions of dollars and anticipated other new contracts in the next period.
Oracle has become a key infrastructure provider for AI companies, signing an agreement with OpenAI, to provide 4.5 energy gigawatts needed for its software.
An analyst Ben Reitzes has listed $ 455 billion record for Oracle services as a “amazing” services.
Larry Ellison, 81, is the largest individual shareholder of Oracle and has now reached the largest growth in one day ever recorded by Bloomberg Billionaires Index.
Musk, who held the title of “the richest man in the world” of 2021, temporarily and in the past, in favor of Bernard Arnault and Jeff Bezos, but has returned to the top of investments in Tesla and Spacex.
