Larry Ellison briefly becomes world's richest person

Elon Musk briefly lost his title as the world's richest person to Larry Ellison, the co-founder of Oracle and an ally of US President Donald Trump.

Ellison's wealth surged to $393bn (£290bn) on Wednesday morning, surpassing Musk's $385bn (£284bn), according to the Bloomberg Billionaires Index.

The jump came after shares in Oracle, which make up a significant part of Ellison's fortune, soared more than 40%, boosted by the database software company's surprisingly rosy outlook for its cloud infrastructure business and artificial intelligence (AI) deals.