A significant disruption has occurred among the ranks of the richest people in the world as Oracle co-founder Larry Ellison has now changed places with Amazons Jeff Bezos. Ellison is now third and Bezos is now fourth. According to the Bloomberg Billionaires Index Ellisons net worth rose by $10.3 billion on Wednesday bringing his total to $246 billion; it is the fourth consecutive day Ellison has seen major changes in his net worth. He has gained a total of $54.2 billion in net worth since the beginning of the year. In the meantime Bezos reported a loss of $672 million dropping him to a net worth of $241 billion after dropping one spot in the worldwide rankings. At the same time the worlds richest person - Elon Musk - added $10.7 billion to his net worth when Teslas stock increased by 4.97%. Earlier on Tuesday Musk had lost more than $12 billion. Musks net worth is now $361 billion. Musk has had the biggest loss so far this year of any billionaire at a total of $71.2 billion. Mark Zuckerberg CEO of Meta Platforms (formerly Facebook) is now in second place at $252 billion. The gap between Zuckerberg and Larry Ellison is now just $6 billion. Microsoft co-founder Bill Gates is 5th in the list of the wealthiest people in the world at $175 billion. Ex-Microsoft CEO Steve Ballmer comes in 6th at $170 billion. Frances Bernard Arnault who sells handbags is 7th at $162 billion. Larry Page and Sergey Brin are on the list at $162 billion and $152 billion in 8th and 9th respectively while Warren Buffett is at 10th at $144 billion. Indias richest and the richest in Asia Mukesh Ambani is at 16th at $111 billion while Gautam Adani is at 20th at $85.2 billion.