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Elon Musk can no longer stake his claim as the richest person on Earth ... the distinction now belongs to Larry Ellison .

The Tesla honcho lost his title during early morning trading Wednesday, when Larry's net worth surged on the strength of his company, Oracle, which saw its stock price jump dramatically. Getty

Larry's fortune skyrocketed $101 billion to a whopping $393 billion ... thanks to a strong earnings report Tuesday evening from Oracle.

Elon's net worth, according to Bloomberg, is a paltry $385 billion ... meaning Musk is now looking up when it comes to the billionaire's index. Oh, the horror.

Larry's accumulating tons of wealth thanks to artificial intelligence ... the rapid rise in Oracle stock is being primarily fueled by Oracle reporting huge demand for clou

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