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Larry Ellison briefly becomes world's richest person

The Oracle cofounder's wealth temporarily overtook Musk's fortune, propelled by an AI boom.

Elon Musk briefly lost his title as the world's richest person to Larry Ellison, the co-founder of Oracle and an ally of US President Donald Trump. The jump came after shares in Oracle, which make up a significant part of Ellison's fortune, soared more than 40%, boosted by the database software company's surprisingly rosy outlook for its cloud infrastructure business and artificial intelligence (AI) deals. When Trump returned to the White House in January, Ellison appeared alongside OpenAI's Sam Altman and SoftBank's Masayoshi Son to announce a project called Stargate, to build out AI infrastructure in the US.

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