India, July 16 -- Oracle co-founder Larry Ellison has officially become the world's second-richest, overtaking Jeff Bezos and Mark Zuckerberg.

Bloomberg Billionaires Index noted that Ellison's net worth is $251.2 billion, and for the first time, he made it to the list. Elon Musk remains in the top spot with a net worth of $357.8 billion.

The 80-year-old co-founder saw his fortune soar as Oracle Corp.'s stock rallied, making it one of the greatest beneficiaries of the artificial intelligence (AI) boom.

Since November 2022, when ChatGPT took the world by storm, Oracle's shares have nearly tripled. In just the past three months, the stock has skyrocketed more than 90%.

On Tuesday alone, Oracle shares rose 5.7% after the U.S. government a...