India, Sept. 11 -- Tesla CEO Elon Musk briefly lost his 'world's richest person' title to Oracle Corp.'s Larry Ellison on Wednesday. However, he was quick to regain the crown by the end of the day.

The heated battle among the billionaires shot up as stock in Ellison's Oracle Corp. surged more than a third within a few stunning minutes after markets opened. The skyrocketing was enough for him to temporarily wrestle the title from Elon Musk, The Associated Press reported.

But the uncertainty of the stock market played to Musk's benefit, who was back on top by the end of the day, as Oracle reportedly gave up some parts of its earlier gains.

The difference between Musk and Ellison in being the world's richest person is one billion dollars....