The Brief

The new world's richest man has been crowned, and it isn't Elon Musk.

According to Bloomberg , that title now goes to Oracle’s co-founder and largest individual shareholder, Larry Ellison, 81.

By the numbers:

According to the outlet, Ellison has become the world’s richest individual for the first time after his fortune surged by an unprecedented $101 billion on Tuesday morning.

The jump, recorded at 10:10 a.m. in New York, followed Oracle Corp.’s stronger-than-expected quarterly earnings and upbeat growth outlook.

The rally lifted Ellison’s net worth to $393 billion, edging past Tesla CEO Elon Musk, who holds $385 billion, according to the Bloomberg Billionaires Index. The $101 billion single-day gain marks the largest wealth increase ever tracked by the index.

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