Billionaire Larry Ellison’s Fortune Plummets: Oracle Share Slump Wipes Out $24B
Oracle shares fell 7% on Oct. 17 and nearly 5% on Oct. 20, erasing about $38 billion from Larry Ellison’s net worth. The stock closed near $280 on Oct. 23, down from September highs but still up roughly 70% year-to-date. Ellison remains the world’s second-richest person at $336–351 billion. Analysts’ price targets for Oracle range widely, with some citing risks tied to its AI rollout.