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Washington. The list of billionaires in the world was seen in a big upset. Elon Musk dominates. The world’s richest richest crown is now far away from Larry Ellion, the co-founder of Tech Giant Oracle. Mukesh Ambani has moved up to 18th position in the Bloomberg Billionaire Index. Whereas, Gautam Adani is out of the top-20. Let me tell you that for a few hours on Wednesday, Alison became the richest person in the world, leaving behind Tesla’s Alan Musk. However, in a few hours Musk got the title back. Now on Thursday, there was a big change in the wealth of Musk and Ellison.

Alan Musk’s wealth rose $ 15 billion to $ 399 billion on Thursday. At the same time, Larry Alison’s wealth broke into a dent of $ 19.90 billion. The effect of this was that in the Bloomberg Billionaire Index, there has been a distance of $ 36 billion between these two billionaires.

Four to this title near Musk
Tesla and SpaceX CEO Alan Musk first crown the world’s richest person in 2021. However, this is not the first time that Musk is evicted from the title of the world’s richest person. Earlier, he lost the title to Amazon founder Jeff Bezos and then left him behind by LVMH CEO Bernard Arnalt. At the same time, for the last four years, this title has been kept with him mainly due to his stake in Tesla.

What happened on Wednesday
According to Bloomberg, on the New York Stock Exchange on Wednesday, Oracle Corporation shares recorded a record 41% rise. With this, Larry Alison’s total assets increased by $ 101 billion in just 24 hours and their total assets reached $ 393 billion (about Rs 34.5 lakh crore).

This bounce made him the world’s richest person, while Alan Musk had a total assets at $ 385 billion at that time. However, the total decline in shares later led to Alison’s total assets to $ 383 billion, making Musk back the title of richest man. Currently Alan Musk has a total assets of $ 384 billion, with $ 573 million in a day.

Historical growth in Oracle shares
Following the strong growth in revenue by the company, the price of Oracle’s shares increased by 42%. Its shares increased to $ 328.33 per share, which was the biggest growth in any one day since 1992. With this speed, Oracle’s market capitalization reached $ 922 billion, more than the evaluation of Eli Lily, JP Morgan Chess and Walmart.

Who is Larry Ellison
Larry, an 81 -year -old Larry, is an American entrepreneur who has established the Oracle Corporation. His full name is Lawrence Joseph Alison. He studied at the University of Chicago, but left studies without completing the degree. In 1977, Alison, along with friends in 1977, launched ‘software development laboratories’ from just $ 2000.

Five years later, the company was renamed as ‘Oracle’ and then the company gradually became one of the largest software companies in the world. Oracle is a famous company for database management systems, which are used extensively worldwide. Alison took the responsibility of CEO for nearly four decades till 2014 and later became the chairman and Chief Technology Officer. Even today, at the age of 81, he is playing an active role in the important decisions of the company.

Close to Trump
Alison is not limited to technology only. He is considered a close associate of US President Donald Trump. In the same year, he launched the Stargate project with Sam Altman of OpenAI and Masayoshi Son of SoftBank, which aims to strengthen the US AI Infrastructure. Trump even indicated that if tickets are sold in the US, they want Ellison to buy it.