Musk had previously lost his title as the "world's richest person" to Oracle co-founder Larry Ellison. Following Oracle's release of robust earnings on Tuesday evening, Ellison's net worth skyrocketed by $89 billion on Wednesday, bringing his total fortune to $383.2 billion. This surge briefly made him the world's wealthiest individual for several hours, surpassing Musk in the process. Nevertheless, by the end of Wednesday's trading session, Musk had reclaimed the top spot, boasting a net worth of $384.2 billion and leading by a slim margin of just $1 billion.