India, June 20 -- A tech company co-founder has overtaken Jeff Bezos and Mark Zuckerberg to become the second richest man in the world after his business's stock rose, making him $40 million richer, according to report by Fortune.

Thanks to the booming success of Oracle's cloud computing business, Larry Ellison's fortune has now reached $250.9 billion, according to Forbes, placing him just behind Tesla and SpaceX CEO Elon Musk, who leads with $405.8 billion.

Oracle's strong earnings report sent its stock soaring. With Ellison owning nearly 41% of the company's shares, his wealth jumped by $25 billion in a single day and grew by another $16 billion shortly after.

Meanwhile, Amazon founder Jeff Bezos is currently worth $229 billion, and ...