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Tesla CEO Elon Musk is the richest person in the world boasting a net worth of $373 billion however Musk coveted title faces a serious challenge from Larry Ellison the co-founder of Oracle who earned a whopping $28.4 billion (about Rs 24 53292820000) in just 24 hours on Tuesday. How Larry Ellison could replace Elon Musk as worlds richest man? According to Bloomberg Billionaires Index Elon Musks net worth has fallen by  $59.4 billion this year while Larry Ellison has jumped to the second spot on the list of worlds richest people with a net worth of $289 billion including making a staggering $28.4 billion in a single day on Tuesday. At this rate Larry Ellison could dethrone Elon Musk as the worlds richest individual within a span of just three days improbable it may seem. Currently Musk has a lead of $84 billion over Ellison but that could easily change within days if the Oracle founder continues his golden run. Notably the net worth of Larry Ellison has surged by a whopping $96.8 billion in this year so far. Who is Larry Ellison? Larry Ellison is the co-founder of US multinational tech giant Oracle Corporation. The 80-year-old owns 41 percent of the companys shares and his wealth has exponentially increased due to a recent surge in Oracles stock prices. In June Ellisons wealth surged by a whopping $41 billion in just two days including $25 billion in a single day as per Bloomberg. Larry Ellison co-founded Oracle in 1977 as a database software company and over the years the firm has transformed into a global cloud computing powerhouse. Ellison 80 currently serves at the Chairman and CTO at Oracle. Interestingly Larry Ellison is a close friend of Elon Musk and a major investor in Tesla having previously served on the companys board December 2018 to August 2022. I dont know how many people know this... but I am a close friend of Elon Musk and a big investor in Tesla Ellison revealed in a 2018 interview. The Oracle boss has also come to Musks defense during several controversies involving the worlds richest man.