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Larry Ellison becomes world's richest person

Oracle co-founder Larry Ellison has dethroned Tesla CEO Elon Musk as the world’s richest person.

© AP Photo/Mark J. Terrill

Ellison’s net worth grew a massive $101 billion Wednesday morning to $393 billion, surpassing Musk’s $385 billion fortune, according to Bloomberg.

The surge in Ellison’s wealth comes after Oracle’s stock soared 40 percent Wednesday.

The company reported earnings late Tuesday, touting several multibillion-dollar contracts that are expected to result in $455 billion in future revenue.

“It was an astonishing quarter—and demand for Oracle Cloud Infrastructure continues to build,” Oracle CEO Safra Catz said in a statement.

Catz added that the cloud company plans t

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