Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. REUTERS/Benoit Tessier TPX IMAGES OF THE DAY
Billionaire Elon Musk has reportedly lost his claim to be the "world's richest person."
Oracle co-founder Larry Ellison's wealth increased to $393 billion after his company reported strong earnings on Tuesday. In contrast, Musk's current net worth is $385 billion.
According to Bloomberg, Ellison, 81, experienced the "biggest one-day increase ever recorded." His company credited the surging demand for Artificial Intelligence infrastructure.
The Oracle co-founder is reportedly close to President Donald Trump.
Musk has twice lost the title of world's richest person after first capturing it in 2021. Tesla recently offered him a pay package that could be worth nearly $1 trillion.
