(KRON) -- Tesla CEO Elon Musk is reportedly no longer the world's richest man. That title now belongs to Oracle CEO Larry Ellison, according to a report Wednesday in Bloomberg.

Ellison has seen his fortune skyrocket over the past several hours after Oracle Corp posted better-than-expected quarterly results. Ellison's fortune rose $101 billion to $393 billion, surpassing Musk's reported $385 billion personal fortune, according to Bloomberg's Billionaires Index.

Larry Ellison, chairman of Oracle Corporation and chief technology officer, watches from the stands at the BNP Paribas Open tennis tournament Oct. 13, 2021, in Indian Wells, Calif. (AP Photo/Mark J. Terrill, File)

The publication said it was the biggest one-day increase ever recorded by the index.

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