Billionaire Larry Ellison’s Fortune Plummets: Oracle Share Slump Wipes Out $24B
Stock Slide Hits Ellison’s Fortune Oracle’s spectacular AI-driven rally has turned choppy in recent days. After rocketing to all-time highs in September (briefly valuing Ellison’s stake at ~$393 B) Reuters, profit-taking set in. The stock plunged about 7% on Oct. 17 (wiping ~$24B off Ellison’s wealth) and sank nearly 5% on Oct. 20 (erasing another ~$14B) Financialexpress Financialexpress. The selloff reflects a shift…