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Ellison closes in: Oracle's AI boom puts Elon Musk's richest title at risk

This combination of pictures created on September 10, 2025 shows, L/R, Larry Ellison, CEO of Oracle Corporation, in Tokyo on April 9, 2014 and Elon Musk in Washington, DC on November 13, 2024. (Photo by TORU YAMANAKA and Allison ROBBERT / various sources / AFP)

Billionaire Elon Musk is at risk of losing his title as the world's wealthiest person to Oracle co-founder Larry Ellison, whose software giant is poised for massive AI riches.

Ellison, 81, amassed about $100 billion in additional wealth Wednesday as Oracle shares skyrocketed after the nearly 50-year-old company forecast massive revenue growth amid the artificial intelligence investment boom.

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