Elon Musk is no longer the world's richest man as Oracle shares soar 42%

7 months ago 30

RoboForex - professional services on Forex market

One of the world's largest companies is trading like a meme stock today

The move in Oracle shares today is insane.

The company shocked the market by forecasting $144 billion in cloud infrastructure revenue and that kicked off 42% rally in shares. Founder Larry Ellison has maintained a holding of about 41% of the shares and with the company adding upwards of $250 billion in market cap today, that grew his net worth today by about $100 billion in the last two hours and up to about $400 billion, passing Elon Musk.

Have a look at the Oracle stock chart today.

It's unbelievable that one of the world's largest companies can pop that much in a single day.

As for Ellison, he's managed to grow the world's largest fortune despite four divorces, and somehow the 81-year old has defied father time.

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