Summary
Oracle Chairman Larry Ellison is set to gain almost $88 billion in one day due to a sharp rise in Oracle’s stock price. This increase could make him the richest person in the world, surpassing Elon Musk's previous record for the largest single-day wealth gain.
Key Facts
- Oracle's stock price rose by $75.77 in premarket trading.
- Larry Ellison owns about 1.16 billion Oracle shares.
- If the stock's gain continues, Ellison’s wealth could increase by $87.8 billion in one day.
- There are only 18 people worth as much as Ellison may gain in one day.
- If the stock performs better, Ellison might surpass Elon Musk as the richest person.
- Elon Musk previously held the largest single-day wealth gain record with a $63 billion increase.
- The situation is still evolving, with more updates expected.
