Who is the richest man on the planet? It's not Elon Musk?

The commander in chief of Tesla, Twitter and multiple elite companies, Elon Musk is no longer the richest man on the planet as he has been surpassed by another tech entrepreneur, and here is a look into the story.

The current richest man in the world is Larry Ellison, the co-founder of Oracle, has become the richest man in the world, passing Elon Musk. This sudden change happened after Oracle’s stock price went up sharply, adding more than $100 billion to Ellison’s wealth in just one day. His total net worth is now about $393 billion, while Musk’s stands around $385 billion.

The reason for this big jump is Oracle’s strong performance in the AI and cloud business. The company recently reported excellent earnings and signed large deals in cloud infrastructure, making investors very confident. As a result, the stock value increased, and Ellison’s fortune rose along with it.

For years, Musk has been holding the top spot thanks to Tesla, SpaceX, and his other companies. But these rankings change often because they depend on stock market values. A rise or fall in share prices can move billionaires up or down the list overnight.

Currently, the top three richest people are Larry Ellison, Elon Musk, and Mark Zuckerberg. While Ellison’s lead is strong now, experts say the title of “world’s richest” could keep shifting between Musk, Ellison, and others, depending on market trends and company growth.