Oracle co-founder Larry Ellison has clinched the title of the world's richest man from long-time holder Elon Musk during the early hours of Wednesday. According to wealth tracker Bloomberg, the stock in his software giant rocketed more than a third in a stunning few minutes of trading.

Larry Ellison, a college dropout, is now worth USD 393 billion, reports say – several billion more than Musk, who became the world's richest for the first time four years ago.