Billionaires

Ellison Tops Musk as World’s Richest Man After $101 Billion Gain

WATCH: Larry Ellison has become the world’s richest person for the first time, ending Elon Musk’s nearly year-long reign in the top spot. Source: Bloomberg

Larry Ellison briefly surpassed Elon Musk to become the world’s richest person Wednesday after a jump in Oracle Corp. shares added a record amount to his fortune.

Ellison’s wealth soared $89 billion after Oracle reported quarterly results that surpassed analysts’ expectations and said there’s more growth to come.