Foreign media: Elon Musk may soon lose the title of "world's richest person." The wealth of Oracle co-founder Larry Ellison increased by $70 billion after Oracle released strong financial results, reaching $364 billion, which is not far from Musk's net worth of $384 billion.
Oracle's stock price rose 33% before Wednesday's market open. If this upward trend continues until the close, Ellison's wealth could surpass Musk's.
Oracle's stock surged due to strong demand from AI customers for its data center capacity, and the company has signed multiple contracts worth billions of dollars. If Oracle's stock continues to rise sharply when the market opens on Wednesday, Ellison could become the new world's richest person.
Original article: www.toutiao.com/article/1842889553700872/
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