US EditionOracle's Larry Ellison Is Down $49B This Year After Rout in Software Stocks
Larry Ellison lost $49 billion in 2026 due to fears that AI tools will reduce demand for software, with Oracle shares dropping 5% wiping $9 billion from his net worth.
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Larry Ellison and Jeff Bezos have seen more than $66 billion swiped from their net worths since the start of this year as AI-driven slump sees tech billionaires’ wealth free-fall
AI bubble fears have led to billions erased from tech CEOs’ net worth overnight—and Oracle founder Larry Ellison has been hit the hardest this year.
So far in 2026, Larry Ellison has seen his fortune reduced by an unprecedented figure of $49 billion, partly due to the fall of the software sector this week, according to Business Insider. Oracle’s co-founder and technological director had a fortune of $199 billion at the close of Wednesday, compared to $247 billion at the beginning of January, according to Bloomberg’s Multimillionaires Index. Just a 5% drop in Oracle’s shares on Wednesday wipe…
Oracle's Larry Ellison is down $49B this year after rout in software stocks
Larry Ellison built his wealth by turning Oracle into a dominant enterprise software company.Phillip Faraone/Getty ImagesOracle cofounder Larry Ellison has seen an unrivaled $49 billion wiped off his net worth this year.His fortune shrank by about $9 billion to below $200 billion on Wednesday as Oracle stock slid 5%.Oracle and other software stocks fell on fears that new AI tools would erode customer demand.Larry Ellison has seen an unmatched $4…
Larry Ellison, Oracle's co-founder, does not live his best week.His net worth has fallen below $200 billion after his company's shares were affected by the massive sale of software.So far this year almost 50 billion are deducted from his personal fortune this 2026. Oracle's co-founder and head of technology had a wealth of $199 billion at the close of Wednesday, below $247 billion at the beginning of January, according to Bloomberg's Multimillio…
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