Larry Ellison is the world’s richest person for brief period

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  Hello, and welcome to World Business Report from the BBC World Service.

• 00:04

  I'm Roger Hearing, and on this edition,

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  a leap in the shares of Oracle makes its co-founder, briefly, the world's richest man.

• 00:12

  Also, what gentrification is doing to parts of Mexico City?

• 00:18

  I rented here, cost around 4,000 pesos a month in 2007.

• 00:24

  Today, that same apartment cost more than 10 times as much.

• 00:28

  By now, pay later firm Clana finally launches on Wall Street,

• 00:33

  the Russian super yacht being auctioned by the US government,

• 00:37

  but no one's quite sure who owns it,

• 00:39

  and why are young people complaining about burnout in the first years of their working lives?

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  But first, if you think you had a good day on Wednesday,

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  just consider the man who became $100 billion richer.

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  Larry Ellison is the co-founder of Oracle, a database software company,

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  and Oracle shares surged 40% after it gave investors a surprisingly rosy outlook for its cloud infrastructure business and artificial intelligence deals.

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  Now, Oracle may not be that well known outside the tech world, but it's been around since 1977.

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  The biggest websites from Amazon.com to Yahoo!

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  And the biggest companies from British Airways to General Motors use Oracle for e-business.

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  That was from the 1990s, I think, 1997.

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  But Larry Ellison, whose net worth is tied to the company, now has $393 billion.

• 01:39

  And that means for a brief period, the title of the world's richest man went from Elon Musk to him.

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