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Oracle’s co-founder Larry Ellison became the world’s richest person with a wealth of nearly $400 billion as Oracle’s shares surged over 40% following a major announcement of a $450 billion backlog in cloud services and significant contracts with AI companies. This growth is further supported by his family’s expansion into media with an $8 billion acquisition of Paramount Global and a collaboration on a $500 billion datacenter project with key tech leaders.
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