Oracle founder and chairman Larry Ellison’s net worth fell by $124.8 billion over more than a month, after Oracle shares declined sharply.
According to Odaily, Forbes reported on the 14th local time that Oracle shares were $250 per share on the 1st of last month, when Ellison—who holds a 40% stake in the company—had total assets exceeding $300 billion and ranked as the world’s second-richest person behind Elon Musk.
Oracle has faced continued selling pressure recently. On the 13th, the stock fell to $133 per share, its lowest level in 14 months. Ellison’s assets dropped to $175.2 billion, and his ranking fell to eighth, below NVIDIA CEO Jensen Huang, whose assets were reported at $176.3 billion.
The report said Oracle signed a $300 billion contract last year with AI startup OpenAI and has been building related infrastructure such as data centers. Oracle has invested $55.7 billion in AI data centers and said it will add another $70 billion.
Standard & Poor’s downgraded Oracle’s credit rating to BBB- from BBB on the 9th, a level the report said is only one notch above junk status.
Oracle Founder Larry Ellison’s Net Worth Falls by $124.8 Billion as Oracle Shares Slide
2026-07-15 00:24:44
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