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Originally published by Citizen DigitalSeptember 11, 2025
2h ago
Elon Musk tops global wealth rankings despite Larry Ellison’s AI-fueled rise
The enterprise software maker's remarkable rise, fueled by a wave of multi-billion-dollar cloud deals, puts the spotlight on the scramble for computing power from companies that are pouring billions t.....
✨ Key Highlights
Oracle's shares experienced a retreat on Thursday after an unprecedented AI-driven surge, placing co-founder Larry Ellison close to becoming the world's richest person. Despite this, Elon Musk retained his position atop global wealth rankings.
- Oracle's market valuation reached a record $933 billion before its Thursday decline.
- Larry Ellison's net worth stands at approximately $371.7 billion, largely due to his 41% stake in Oracle.
- OpenAI reportedly signed a $300 billion deal with Oracle for computing power, marking one of the largest in history.
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