Elon Musk is getting knocked down a peg.

Although the Tesla CEO has reigned as the world’s richest person for the better part of the year, he has offic ially lost the t itle to Oracle’s Larry Ellison , whose net worth is now estimated to be $393 billion, per Bloomberg.

According to Oracle’s quarterly results, reviewed by Bloomberg, the company’s chief technology officer surpassed Musk’s estimated $364 billion net worth just after 10 a.m. Sept. 10, with his overal l worth reaching over $400 billion, per NBC News .

Ellison, 81, was previously listed as the fourth richest person in the world, behind Musk, as well as Facebook founder Mark Zuckerberg and Amazon’s Jeff Bezos , per Forbes . Prior to his company’s latest earnings report, his estimated ne

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