Larry Ellison overtakes Elon Musk as world's richest person

Larry Ellison, the chair and chief technology officer of Oracle, is a supporter of Donald Trump and has regularly appeared at the White House. Larry Ellison, the chair and chief technology officer of Oracle, is a supporter of Donald Trump and has regularly appeared at the White House. Oracle co-founder's shares rose by 40% in early trading, valuing his fortune at $393bn, just ahead of Musk's $384bn US tech billionaire Larry Ellison is neck-and-neck with Elon Musk in the contest to be the world's richest person after briefly overtaking the Tesla chief executive on Wednesday Ellison's wealth surged after Oracle, the business software company in which he owns a stake of 41%, reported better than expected financial results. Oracle shares rose by more than 40% in early trading, at one point valuing the business software company at approximately $960bn (£707bn) and Ellison's stake at $393bn, just ahead of Musk's fortune of $384bn, according to Bloomberg's billionaires index. However, Ellison's lead was short-lived as the stock closed at $328, a rise of 36% valuing Ellison's shareholding at $378bn and putting Musk back ahead.