Elon Musk has lost his title of “world’s richest person” title to Oracle cofounder Larry Ellison.

Ellison’s wealth jumped by $101 billion to $393 billion after Oracle’s stunningly strong earnings report Tuesday evening, surpassing Musk’s net worth of $385 billion, according to Bloomberg.

Oracle (ORCL) reported surging demand for its data center capacity from AI customers, launching the stock into the stratosphere. Shares are 40% higher Wednesday as of 11 a.m. ET. (CNN)

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