In a significant shift, Larry Ellison, the co-founder of Oracle, has surpassed Elon Musk to become the world’s wealthiest person. This change comes after a substantial surge in Oracle's stock, driven by strong performance in its cloud infrastructure and artificial intelligence sectors.

• Ellison's wealth rose to $393bn (£290bn), exceeding Musk's $385bn (£284bn), as reported by the Bloomberg Billionaires Index.
• The surge in Oracle’s stock, up over 40%, is attributed to growing demand for data center infrastructure and artificial intelligence deals, with revenue from its cloud business projected to jump 77% this year to $18bn.
• Ellison, a staunch ally of US President Donald Trump, has also signaled media ambitions, including funding his son's $8bn bid to acquire Paramount and expressing interest in acquiring TikTok.