Oracle stock soared some 40 percent in midday trading Wednesday, boosting Ellison’s fortune by an estimated $101 billion.

BY CHRIS MORRIS @MORRISATLARGE

Larry Ellison in Los Angeles, California. Photo: Getty Images

Elon Musk is no longer the world’s richest person. Oracle founder Larry Ellison has leapfrogged over the Tesla CEO to claim the top spot for the first time, following a breathtaking surge in the tech company’s stock.

Oracle’s stock (Nasdaq: ORCL) was up nearly 40 percent in midday trading Wednesday, which boosted Ellison’s fortune by $101 billion as of 10:10 a.m. ET. That’s the largest one-day jump in net worth ever recorded by Bloomberg, which tracks billionaire holdings.

Ellison’s net worth surged to $393 billion on the Oracle stock bump, putting him ahead of Musk, who stands at $385 billion.

Oracle shares are soaring after the company reported fiscal first-quarter earnings Tuesday afternoon. While it missed........

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