Elon Musk has lost his title of "world's richest person" title to Oracle cofounder Larry Ellison. Ellison's wealth jumped by $101 billion to $393 billion after Oracle's stunningly strong earnings report Tuesday evening, surpassing Musk's net worth of $385 billion, according to Bloomberg. Oracle (ORCL) reported surging demand for its data center capacity from AI customers, launching the stock into the stratosphere. Shares are 41% higher Wednesday, on pace for the stock's biggest single-day gain since 1992.