Jay Hirano/SOPA Images/LightRocket via Getty Images

Oracle's Larry Ellison became the richest person in the world Wednesday morning, with shares of the tech giant he co-founded surging more than 40%.

As of 10 a.m. ET, Ellison's wealth was nearly $400 billion. Tesla CEO Elon Musk, who had occupied the top spot, currently has a fortune of about $385 billion, according to Bloomberg . The news outlet keeps tabs on the world's wealthiest people with its billionaires index.

Stream Philadelphia News for free, 24/7, wherever you are with NBC10. WATCH HERE

Behind Ellison and Musk in the rankings sit Meta founder Mark Zuckerberg, Amazon founder Jeff Bezos and Google co-founders Larry Page and Sergey Brin.

The rapid rise in Ellison's wealth comes as he and his family push into artificial in

See Full Page