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Latest News: Larry Ellison Briefly Becomes World’s Richest Person

Elon Musk has some competition atop the ranking of the world’s richest people thanks to Oracle Corporation co-founder Larry Ellison.

On September 10, a brief rise in Oracle stock allowed entrepreneur and tech giant Ellison to pass the Tesla leader for the No. 1 spot . The 81-year-old became the second person ever to accrue a fortune of more than $400 billion. By the following day, however, Ellison sat just behind Musk—with Bloomberg estimating his net worth at $383 billion and Forbes slightly higher at around $369.1 billion.

Ellison still serves as the chief technology officer of Oracle and holds a 41-percent share in the company, driving his surge in worth.

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