Elon Musk has temporarily lost his position as the world’s richest man. Larry Ellison, co-founder and CTO of Oracle, saw a significant increase in his net worth, rising by $101 billion on Wednesday morning. This surge brought Ellison’s total fortune to $393 billion, as reported by Bloomberg.
The fluctuations in net worth among the world’s wealthiest individuals often reflect changes in stock prices and market conditions. This recent change raises questions about the stability of wealth among top billionaires. How often do such shifts occur, and what underlying factors contribute to these dramatic increases or decreases in net worth?
Source: https://www.theverge.com/news/775763/larry-ellison-oracle-elon-musk-richest-person