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A remarkable change has taken place in the global billionaire rankings. Oracle founder Larry Ellison has surpassed Elon Musk to ascend to the top of the global wealth list, thanks to a significant increase in his company's stock price.
This change stems from the astonishing performance of Oracle's stock price, which surged nearly 36% in a single day. This increase brought about a net worth growth of approximately $100 billion for Ellison, raising his total assets to an astonishing $3.93 trillion, equivalent to about 28.5 trillion yuan. To better understand the scale of this figure, it is close to one-fifth of China's annual GDP.
There are two key factors behind the surge in Oracle's stock price: first, the arrival of the artificial intelligence wave has brought unprecedented growth opportunities for Oracle's cloud computing and database business. Second, the company's financial report far exceeded market expectations, greatly boosting investor confidence and triggering a buying frenzy.
Ellison's success is no accident. He keenly seized the opportunities brought by the AI technology revolution, while successfully transforming and developing Oracle amidst fierce technological competition. This not only reflects his business acumen but also demonstrates Oracle's flexibility in adapting to the new technological environment.
However, the competitive landscape of the tech industry is constantly changing, and whether one can maintain the position of the world's richest person in the long term remains uncertain. How will the ongoing development of AI technology affect Oracle's future? Will other tech giants catch up? These questions are worth our continued attention.
Regardless, the event of Ellison becoming the world's richest person undoubtedly injects new vitality into the technology industry and showcases how technological innovation reshapes the business landscape and personal wealth. This event may herald the quiet unfolding of a new round of technological revolution and wealth redistribution.