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A frenzied AI-driven surge in Oracle Corp.’s stock briefly propelled Larry Ellison to the top of global wealth charts in September. However, the rally has entirely reversed, wiping out all gains and erasing $130 billion from Ellison’s net worth, according to Bloomberg Billionaires Index.

Oracle’s 36% jump on September 10, triggered by soaring demand for its AI-adjacent cloud infrastructure business, had added $89 billion to Ellison’s fortune in a single day, the largest one-day increase ever recorded by Bloomberg’s wealth index. But the gains evaporated in just two months.

Larry Page Climbs to No. 2 as Alphabet Stock Soars

Alphabet Inc. co-founder Larry Page, 52, has now surpassed Ellison to become the world’s second-richest p

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