The co-founder of the American corporation Oracle, Larry Ellison, has been recognized as the richest person in the world, overtaking Elon Musk, reported Bloomberg.
According to its information, as of 10:10 a.m. local time, Ellison's fortune had increased by 101 billion USD, reaching 393 billion USD. This was preceded by the publication of the corporation's quarterly report. According to the agency, this is the largest increase in a single day.
Ellison, 81, is also the chairman of the board of directors and chief technical officer of Oracle.
According to the New York Stock Exchange, Oracle's share prices have risen by 40.01% to 338.13 USD. If this pace continues until the end of trading, it will exceed the value of 1999. On June 16, 1999, the company's securities reached a peak of 32.8%, to 8.34 USD. By the end of trading that day, the shares had risen by 31.09%, to 8.23 USD. The maximum daily growth was recorded on December 23, 1992. Then the company's securities rose by 44.52%, to 0.6914 USD, which is the maximum for the trading day.