Larry Ellison is $110 billion richer after blowout Oracle earnings report

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Larry Ellison became over $110 billion richer on Wednesday, a day after Oracle

, the software company he helped to start in 1977, issued dramatic cloud growth projections for the next five fiscal years.

Those projections sent Oracle’s stock price flying, up more than 40% on Wednesday, lifting Ellison’s net worth to about $391 billion. The total puts Ellison closer to dethroning Elon Musk as the world’s wealthiest individual. Forbes says Musk, CEO of automaker Tesla

, is worth just over $436 billion.

Larry Ellison is $110 billion richer after blowout Oracle earnings report

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