Larry Ellison is closing in on Elon Musk for the title of the world’s richest person.

His fortune soared $US70 billion ($106 billion) after Oracle reported quarterly results after market close on Tuesday in New York that surpassed expectations, and said there’s more growth to come.

The increase lifted his total fortune to $US364 billion, within striking distance of Musk who sits at $US384 billion, according to the Bloomberg Billionaires Index . If Ellison’s gain remains when trading begins in New York on Wednesday morning [11:30pm AEST], it’ll be the biggest one-day increase ever recorded by the index.

Musk became the world’s richest person for the first time in 2021 before losing the title to Amazon founder Jeff Bezos and LVMH’s Bernard Arnault. He reclaimed it last year and has now

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