Oracle co-founder Larry Ellison, who owns nearly all of the island of Lanai, is within striking distance of the world’s richest person title as his company’s stock has become a Wall Street darling.

Ellison’s net worth stood at around $372 billion, largely driven by his 41% stake in Oracle, compared with Tesla CEO Elon Musk’s $441.2 billion fortune that tops Forbes’ global wealth rankings. In 2019, Ellison was ranked by Forbes as the world’s seventh-richest person with a net worth of $64 billion.

An AI-driven record surge in Oracle’s stock on Wednesday put the company closer to the trillion-dollar valuation mark as the enterprise software maker continues to enjoy a remarkable rise, fueled by a wave of multi- billion-dollar cloud deals. Oracle is benefiting in the scramble for computing po

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