Billionaires

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.com, 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.com financialexpress.com. The selloff reflects a shift from “euphoria to caution,” as investors booked gains after Oracle’s string of AI contract announcements. By Oct. 23, ORCL closed around $280 ts2.tech – still roughly 70% above its January price, but down from its Sept. peak (~$345). Market watchers describe

24 October 2025

Billionaire Blowup: NYC’s Catsimatidis Tells Rival to Quit – Pershing Square’s Ackman Admits He “Hates Wasting Money”

Catsimatidis vs. Sliwa: Divided GOP in NYC John Catsimatidis (often described as a “grocery and radio magnate” cbsnews.com) has been a longtime supporter of conservative causes. In recent days he threw his weight behind a unified effort to defeat Mamdani by clearing the Republican field. Catsimatidis – who employs Sliwa as a radio host on his WABC station – told reporters that Sliwa should “love New York more than anything else” and drop his mayoral bid to boost Cuomo’s chances abc7ny.com foxnews.com. Catsimatidis claimed New Yorkers would view Sliwa as a hero for “doing the right thing” by quitting abc7ny.com.

21 October 2025

Billionaires · Business · Corporate Rivalry · Finance · Wall Street

Billionaires, Boosters & Breakthroughs: A Wild Weekend in Space (Aug 3-4, 2025)

Blue Origin launched six passengers on the NS-34 suborbital flight on Aug. 3, 2025 at 8:43 a.m. ET from West Texas, including Justin Sun who paid $28 million for a seat in 2021. NS-34 marked Blue Origin’s 13th crewed space tourism launch. SpaceX’s Starlink Group 10-30 mission lifted off from Cape Canaveral on Aug. 4, 2025 with a 28-satellite payload aboard a Falcon 9 booster B1080, on its 21st flight. Starlink 10-30 was SpaceX’s 69th Starlink launch of 2025, bringing the total Starlink satellites launched in 2025 to over 1,600. SpaceX planned to land the Falcon 9 first stage on

4 August 2025

Billionaires · Breakthroughs · Science · Space · Weekend Events