Oracle Stock Decline Erases $24 Billion From Larry Ellison’s Fortune Amid Cloud Growth Questions
Oracle Chairman Larry Ellison reportedly lost approximately $24 billion in net worth following a stock decline attributed to unclear capital expenditure plans. Despite the drop, analysts maintain bullish price targets as Oracle forecasts explosive cloud infrastructure growth driven by AI demand.
Billionaire’s Fortune Shrinks Amid Stock Volatility
Oracle co-founder Larry Ellison has reportedly seen approximately $24.1 billion erased from his net worth following a recent decline in the company’s stock price, according to financial analysis. The drop represents about a 6.3% decrease in Ellison’s wealth, though net worth calculations indicate he remains the world’s second-wealthiest person with an estimated fortune of $350.6 billion.