US EditionOracle's Larry Ellison Loses $31 Billion, Falls To No. 3 Richest
Oracle's shares fell over 11% after missing revenue targets and revealing $12 billion AI spending, causing Larry Ellison's net worth to drop by $25 billion in one day.
- On Thursday, Oracle founder Larry Ellison, 81, lost $25 billion after the company's fiscal second-quarter report missed Wall Street revenue expectations.
- The company disclosed about $12 billion in AI capex for the quarter, above Wall Street's $8.3 billion forecast, as analysts and investors on Wednesday's call expressed concern over spending.
- Owning about 40% of Oracle, Ellison faced one of the largest one-day wealth losses on the Bloomberg Billionaires Index as his net worth fell to around $258 billion.
- Oracle's shares plunged in after-hours trading, falling more than 11%, and dropped another 3.8% on Friday, erasing $80 billion in market value after weaker revenue and heavy AI spending.
- Earlier this year Ellison briefly became the world's richest person in September, but Elon Musk and Larry Page now lead; if Oracle's AI bets pay off, Ellison's net worth could rebound quickly.
12 Articles
12 Articles
Oracle Stock Crash Slashes $25 Billion From Larry Ellison’s Net Worth
Larry Ellison lost an estimated $25 billion in a single day after Oracle shares plunged more than 11% on weaker-than-expected earnings, according to Bloomberg’s Billionaires Index. The drop cut Ellison’s net worth to $258 billion, marking one of the steepest single-day wealth declines of 2025. Oracle missed Wall Street revenue expectations despite posting 14% year-over-year growth, fueling concerns about the company’s massive spending on artific…
Business Insider
DNyuzLarry Ellison just lost $25 billion of his net worth in one day
Oracle's rough quarter just erased $25 billion from Larry Ellison's fortune.Andrew Harnik/Getty ImagesLarry Ellison took a $25 billion hit to his net worth after Oracle shares plunged.This marks one of the biggest single-day wealth drops in 2025.Ellison briefly took the top spot as the world's richest person in September.Larry Ellison just took a $25 billion hit to his net worth.The Oracle cofounder saw billions wiped off his fortune on Thursday…
Coverage Details
Bias Distribution
- 57% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
