Larry Ellison Has Crashed to 9th on the Rich List After a $159 Billion Wealth Decline in the Past Year
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(Dan Tri Newspaper) - Once the richest man on the planet, billionaire Larry Ellison has just lost nearly half his fortune after the sharp drop in Oracle's stock, falling to 9th place in the global rich list.
Larry Ellison, the investor behind TVN's new owner, has seen his fortune fall by nearly 50% over the past year. The Oracle co-founder is now the ninth-richest person in the world. Oracle shares fell on Monday amid concerns about the company's AI spending.
Photo: Andrew Harnik/Getty Images Oracle co-founder Larry Ellison's fortune fell by $11 billion on Monday. The company's stock price plunged after the company announced it would issue $20 billion in debt and bonds. The money raised is expected to be used to fund its artificial intelligence efforts and other needs. According to Forbes' real-time billionaires ranking, …
Despite the decline, Ellison maintains the eighth position in the real time ranking of the billionaires of Forbes, remaining ahead of Steve Ballmer The article Larry Ellison's net worth drops by 11 billion dollars: Oracle shares to the minimum for four months is taken from Forbes Italia.
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