Srinagar, June 14 -- Amazon founder Jeff Bezos has been dethroned as the world's second-richest person, with Oracle co-founder Larry Ellison overtaking him in Forbes' World's Billionaires List. Ellison's net worth soared by an astonishing $26 billion on Thursday, June 12, reaching $243 billion - the largest single-day gain recorded by any billionaire. This pushed him past Bezos, whose fortune stands at $227 billion, and Meta's Mark Zuckerberg, who is now worth $239 billion. Ellison is now the second-richest person globally, trailing only Tesla CEO Elon Musk, whose net worth stands at $407.3 billion.

The sharp rise in Ellison's wealth comes on the heels of Oracle's strong quarterly earnings report, which surpassed market expectations for ...