Oracle's share price plummeted, Ellison fell to third place on the rich list, Page rose to second place

Larry Ellison, the founder of Oracle, has suffered a huge decline in his wealth. He lost $130 billion in consecutive weeks of stock price slumping, causing his ranking in the Bloomberg Billionaires Index to fall from second to third in the world. At the same time, Google co-founder Larry Page rose to second place in the world for the first time with $256.90 billion in assets, just behind Elon Musk. The reversal is particularly dramatic. Just two months ago, Oracle's share price soared 36% in a single day in September. On the basis of optimistic expectations about the surge in demand for AI cloud infrastructure, Ellison's assets soared by $89 billion in a single day, briefly surpassing Musk to become the world's richest man. However, the good times did not last long. Oracle's share price has since fallen by 39% from its all-time high. It has fallen continuously for the past six weeks, and the latest closing price is $198.76. In sharp contrast, Google's performance. Thanks to the positive market reviews received by the new model Gemini 3, Google's share price has risen by 58% this year and another 3.5% in the latest trading day. Several institutions pointed out that Gemini 3's reasoning ability and generative performance have improved significantly, which is expected to further narrow the gap between Google and its main competitors in the performance of large models. Larry Page owns about 6% of Google's shares, and its assets have increased by $88.60 billion in 2025. Co-founder Sergey Brin has also had a good year this year, ranking fifth in the world at $239.90 billion. Musk continues to be the richest man in the world at $421.80 billion.