Tesla CEO and political activist Elon Musk is no longer the wealthiest man on Earth.

That title now belongs to Bronx-born Oracle chairman Larry Ellison, whose net worth jumped to $405 billion Wednesday, according to Barron’s. Musk’s net worth is reportedly $390 billion.

Barron’s said that Ellison had a $112 billion overnight spike to thank for that distinction. Oracle stock jumped 39% Wednesday, and the 81-year-old businessman owns 1.2 billion shares.

Oracle stock has reportedly risen 103% this year, while Tesla is down 12%. Musk also has interests in big companies including SpaceX.

The Daily Beast said Ellison becoming the world’s richest persons ends a more than 300-day run for Musk at the top of the richest person rundown.

Forbes released a list of the world’s wealthiest people on

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