Larry Ellison briefly overtakes Elon Musk as world’s richest person

A picture


US tech billionaire Larry Ellison is neck-and-neck with Elon Musk in the contest to be the world’s richest person after briefly overtaking the Tesla chief executive on WednesdayEllison’s wealth surged after Oracle, the business software company in which he owns a stake of 41%, reported better than expected financial results.Oracle shares rose by more than 40% in early trading, at one point valuing the business software company at approximately $960bn (£707bn) and Ellison’s stake at $393bn, just ahead of Musk’s fortune of $384bn, according to Bloomberg’s billionaires index.However, Ellison’s lead was short-lived as the stock closed at $328, a rise of 36% valuing Ellison’s shareholding at $378bn and putting Musk back ahead.The pair sit comfortably ahead of Facebook founder Mark Zuckerberg and Amazon’s Jeff Bezos.Ellison, 81, also has other sources of wealth, including a stake in electric carmaker Tesla, where Musk is chief executive, a sailing team, the Indian Wells Open tennis tournament, and an island in Hawaii, according to Bloomberg.

Musk, an antagonist to various figures in the worlds of business and politics, has a close relationship with Ellison – who is often described as a mentor to the South Africa-born tech entrepreneur.Ellison sat on the board of Tesla between 2018 and 2022 and put $1bn into Musk’s purchase of Twitter – since rebranded as X.According to Walter Isaacson’s biography of Musk, when the Tesla CEO asked Ellison to invest in Twitter, Ellison said he would put in a billion dollars or “whatever you recommend”.Musk is a frequent visitor to Ellison’s Hawaiian island, Lanai, according to the book.Ellison is also a supporter of Donald Trump and has regularly appeared alongside the US president at the White House, including the launch of the Stargate project to invest $500bn in artificial intelligence infrastructure in the US.

Musk, a prominent backer of Trump’s 2024 election campaign, also had a strong relationship with Trump before it imploded earlier this year.Oracle accounts for the majority of Ellison’s wealth and its value has been boosted by demand from AI companies for its cloud services, which provide computing capacity for firms such as ChatGPT developer OpenAI, who need vast datacentres to power their technology.Sign up to TechScapeA weekly dive in to how technology is shaping our livesafter newsletter promotionMusk, the chief executive of Tesla who also owns the SpaceX rocket company, became the world’s richest person for the first time in 2021, according to Bloomberg, before relinquishing it to Bezos and French luxury goods tycoon Bernard Arnault.He regained it last year but is now being challenged by Ellison just over 300 days later.
sportSee all
A picture

World Athletics Championships: Kenya’s Chebet wins women’s 10,000m gold, big names impress in 100m heats – as it happened

After his facile pole vault qualification, Armand Duplantis spoke to the BBC, and he’s aiming high: “It’s not so fun, honestly, but it’s something you just got to get used to. It’s a waiting game. You have to just be patient, and you have to trust in yourself and be confident, you’re jumping. be ready to wait about an hour, hour and a half in between the jumps and whatnot.Yeah, really good, actually

A picture

Raucous crowd and sprint stars give World Athletics Championships explosive start

There was a moment on the opening night of the World Athletics Championships when the bottled-up frustration of missing out on a full-fat Tokyo Olympics – with crowds and fun and unbridled joy – suddenly seemed to be unleashed. It came at the end of the women’s 10,000m, a roar that could have been heard on Mount Fuji, a vast outpouring of appreciation and pride.At the front of the pack, four contenders were whittled down to two before the Olympic and world champion, Beatrice Chebet, took off with Italy’s Nadia Battocletti in pursuit. It was like watching Wile E Coyote chasing Roadrunner.While Chebet held on after a final kilometre run in a staggering 2min 38sec, the sellout crowd’s eyes were also on the home favourite, Ririka Hironaka, who exceeded expectations by finishing in sixth barely 30 second back

A picture

New Zealand 46-17 South Africa: Women’s Rugby World Cup quarter-final – as it happened

That’ll be it from me.Here’s the report from Sandy Park from Rob Kitson.Lucky him, that was some game.Hope you enjoyed it!The next quarter-final gets underway shortly.Alex Reid will be your guide:Now some words from South Africa’s battering ram, Aseza Hele:It was very tough but we gave them a taste of South Africans

A picture

New Zealand blitz South Africa after break to reach Women’s Rugby World Cup semis

In New Zealand rugby the female of the species is deadlier then the male. South Africa’s women were always going to struggle to replicate the Springboks’ record-breaking result in Wellington a few hours earlier, but after a stop-start first half the Black Ferns raised their level significantly in the second half to secure their place in next weekend’s World Cup semi-finals.That said, the final score does not tell the full story of a contest that was often as notable for South African power as belated Kiwi finesse. South Africa, smartly coached and packed with forward muscle, took their opponents on physically in virtually every area and, at 10-10 at half-time, had the Black Ferns genuinely rattled.South Africa even opted for a couple of whole team lineout mauls for extra effect, but were eventually outflanked by New Zealand’s flying wings and mobile back row

A picture

Torrie Lewis breaks own 100m national record in bright start to world championships

Australia’s fastest woman Torrie Lewis has surged into the semi-finals of the 100m on the opening night of the World Athletics Championships in Tokyo and declared – even after setting a new national record – that she can go faster.The 20-year-old finished third in her heat behind American Sha’Carri Richardson and Jamaican Shericka Jackson with a time of 11.08s despite a headwind of 0.8m/s.“I was super nervous for this competition because I knew in training that these are the times I can hit – actually, this is the slowest time in my mind I had – so hopefully I can just build on that,” Lewis said

A picture

Brisbane defeat Gold Coast: AFL 2025 second semi-final – as it happened

Very satisfied interviews coming out of the Brisbane rooms tonight, they’re saying they tried not to take the Geelong loss too hard, and to trust in the fact that they had the double chance and they could get to the prelim another way. They’ll be feeling better about the world tonight.That’s enough from us, I think. Brisbane to play Collingwood, back to the rivalry of the early 2000s, and Geelong to play Hawthorn, the best modern 21st century rivalry of all. Don’t miss preliminary final weekend