Oracle co-founder Larry Ellison, who owns nearly all of the island of Lanai, is within striking distance of the world’s richest person title as his company’s stock has become a Wall Street darling.

Forbes’ real-time billionaire rankings show Ellison’s fortune increased by $101 billion, raising his total net worth to $395.7 billion after Oracle shares experienced a historic rally, surging 41 per cent on Wednesday on New York Stock Exchange (NYSE)