Elon Musk has lost the title of the world's richest man, surpassed by Oracle co-founder Larry Ellison.

According to the Bloomberg Billionaires Index, Ellison's wealth – born in 1944 in the Bronx, New York – has jumped by $101 billion, reaching $393 billion, surpassing that of the Tesla boss, who stood at $385 billion.

The performance is also due to the record set by shares of Oracle Corporation (a multinational IT company based in Austin, Texas), which, at the opening of Wall Street, recorded an increase of over 37% after the quarterly results presented yesterday, driven by its cloud activities: revenues of $14.9 billion (+12%).

(Unioneonline)

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