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

2 days ago
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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.
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Stephen Colbert on Charlie Kirk shooting: ‘Political violence only leads to more political violence’

Late-night hosts respond to the shooting of Charlie Kirk and assess Donald Trump’s denials of a sexually suggestive birthday letter to Jeffrey Epstein from 2003.Stephen Colbert opened his show on Wednesday with an acknowledgement of the assassination of Charlie Kirk, the rightwing activist and Trump adviser who was shot and killed at age 31 during an event in Utah on Wednesday afternoon. “Our condolences go out to his family, and all of his loved ones,” said Colbert.“I’m old enough to personally remember the political violence of the 1960s,” the Late Show host added. “And I hope it is obvious to everyone in America that political violence does not solve any of our political differences

1 day ago
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Jerry Seinfeld compares Free Palestine movement to Ku Klux Klan

Jerry Seinfeld denounced the Free Palestine movement as antisemitic and likened its rhetoric to that of the Ku Klux Klan during a surprise appearance at Duke University.“Free Palestine is, to me, just … you’re free to say you don’t like Jews. Just say you don’t like Jews,” the 71-year-old comedian said on stage, according to the Duke University Chronicle.“By saying ‘Free Palestine’, you’re not admitting what you really think,” he continued. “So it’s actually – compared to the Ku Klux Klan, I’m actually thinking the Klan is actually a little better here, because they can come right out and say, ‘We don’t like Blacks, we don’t like Jews

2 days ago
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Stephen Colbert on Trump’s Epstein letter: ‘A Picasso of pervitude’

Late-night hosts reacted to Donald Trump’s birthday drawing for Jeffrey Epstein in 2003, and his visit on Monday to the Museum of the Bible.Stephen Colbert has kept close tabs on the US president’s never-ending Jeffrey Epstein scandal, and on Tuesday, he noted: “The story of his disturbing friendship with Jeffrey Epstein keeps getting more.”Earlier this summer, the Wall Street Journal reported that back in 2003, Trump provided a lewd letter and cartoon to a book celebrating Epstein’s birthday – a “Picasso of pervitude”, as the Late Show host put it. The Journal reported that the note was framed by a doodle of a naked woman, and featured Trump’s squiggly signature “below her waist, mimicking pubic hair”.The note read, in part: “Happy birthday – and may every day be another wonderful secret

3 days ago
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Jon Stewart on Donald Trump: ‘Something is up with his health’

Late-night hosts react to speculation over Donald Trump’s health and the newly released screenshot of Trump’s alleged lewd birthday letter to Jeffrey Epstein.Jon Stewart returned to his Monday perch for The Daily Show’s new season amid rampant speculation over the president’s health, after he wasn’t seen in public for several days over Labor Day weekend. “You people, you reporters, have no chill!” Stewart mock-scolded after several clips of talking heads wondering if Trump had died. “Guy can’t take a few days for some R&R and a non-surgical breast reduction without everybody suddenly pulling out the toe tags? It does say something about the ubiquity of Donald Trump in our lives that we don’t hear from him for 20 minutes and we’re like: ‘He’s dead!’”“Of course Trump didn’t die in office,” he added. “But I wouldn’t put it past him, trying once again to take credit for something Biden had already accomplished

4 days ago
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Before Knives Out, there was Brick: Rian Johnson’s alluring, hard-boiled debut

Before Benoit Blanc, there was Brendan Frye.At first glance, the teenaged gumshoe at the heart of Brick doesn’t share much with the gentleman sleuth from Knives Out, Glass Onion and the upcoming Wake Up Dead Man. Benoit Blanc (Daniel Craig) styles himself as a lost Agatha Christie character, while Brendan (Joseph Gordon-Levitt) is a jaded teen who spits Dashiell Hammett dialogue before starting fights he can’t win.But dig deeper and you’ll find two detectives caught in cases that contort around their own genre conventions. Both, of course, are creations of Rian Johnson – the writer/director who induces either delight or unspeakable rage, depending on what type of nerd you are

4 days ago
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Billy Porter recovering from ‘serious case of sepsis’ as Broadway show closes early

Billy Porter is “recovering from a serious case of sepsis”, forcing the early closure of Broadway’s revival of Cabaret in which he played a leading role.The show’s producers announced on Sunday that Porter “is recovering from a serious case of sepsis” that will prevent him from returning to the stage.“His doctors are confident that he will make a full recovery,” they added, “but have advised him to maintain a restful schedule these next couple of weeks”.Porter has yet to issue a statement on his health.The 55-year-old actor had been playing the role of Emcee since July, when he and Marisha Wallace took over from Orville Peck and Eva Noblezada as Emcee and Sally Bowles respectively

4 days ago
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Barclays boss urges UK ministers to limit public sector pay rises

about 15 hours ago
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UK economy flatlines in July in grim news for Rachel Reeves

about 20 hours ago
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Larry Ellison briefly overtakes Elon Musk as world’s richest person

2 days ago
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Snapchat allows drug dealers to operate openly on platform, finds Danish study

2 days ago
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Leigh sweep sorry St Helens aside to confirm home playoff slot

about 8 hours ago
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Canelo Álvarez and Terence Crawford hit 167½lb ahead of Las Vegas megafight

about 9 hours ago