India, Sept. 10 -- In a first, Larry Ellison briefly surpassed Elon Musk as the richest person in the world, ending Space X CEO's almost year-long dominance.

As of 10:10 a.m. New York time, Ellison's wealth ballooned to $101 billion following Oracle Corp.'s release of quarterly results.

According to the Bloomberg Billionaires Index, his overall wealth reached $393 billion, surpassing Musk's $385 billion. It was the most dramatic one-day gain the index has ever seen.

Musk first held the title of richest person in the world in 2021 before conceding it to Amazon founder Jeff Bezos and Bernard Arnault of LVMH. Musk reclaimed the world richest man's last year and maintained it for over 300 days.

The majority of 81-year-old Ellison's net wo...