South African-American entrepreneur Elon Musk, CEO of Tesla,
SpaceX, and X, has lost his top spot on the list of the world's richest people.
The new leader is Larry Ellison, co-founder of Oracle, whose wealth has seen a
sustained increase in recent months due to the rise of artificial intelligence
and the growing demand for cloud technology infrastructure.
Larry Ellison, 80, founded Oracle in 1977 and consolidated
it as one of the most influential companies in the database and business
software sector. For decades, it was considered one of Microsoft's greatest
rivals in the corporate world. However, in recent years, Oracle has managed to
reposition itself as a key player in the cloud computing market, primarily
thanks to the expansion of its artificial intelligence services and its
large-scale data storage and processing capacity.
This repositioning has led to a significant increase in the
value of its shares, boosting Ellison's personal fortune. He also has a
significant investment portfolio in other technology companies.
In contrast, Musk has faced a period of economic
fluctuations. Although his fortune remains one of the largest on the planet,
the fall in the value of Tesla shares, coupled with the controversies
surrounding his management of Tesla and the enormous expenditures on his
ambitious space and technology projects, have temporarily reduced his net
worth.
Tesla, which for years was the crown jewel of Musk's
portfolio, is going through a difficult time: it faces fierce competition in
the electric vehicle market from Chinese manufacturers like BYD and the
resurgence of traditional giants like Volkswagen and General Motors.
Furthermore, the global economic slowdown and high interest rates have impacted
electric car sales, reducing the company's growth prospects.
Post a Comment
We want to know your comments and concerns. Remember: Respect distinguishes us, education makes us different...