Larry Ellison

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

Oracle’s ‘Truly Awesome’ AI Cloud Quarter Sends Stock Soaring 36%, Making Ellison World’s Richest

Oracle’s AI-Fueled Quarter Stuns Wall Street Oracle’s latest earnings quarter shocked Wall Street and sent its stock soaring on an AI-fueled wave of optimism. Shares of Oracle jumped as much as 35–40% intraday and closed up about 36% on Wednesday, marking the company’s largest one-day gain in over three decades startupnews.fyi. This remarkable rally added roughly $250 billion to Oracle’s market capitalization and briefly vaulted Larry Ellison – who owns about 40% of Oracle – to the top of global wealth rankings startupnews.fyi. Ellison’s net worth climbed by nearly $100 billion in a day to around $393 billion, putting him neck-and-neck with (or even briefly ahead of) Tesla’s Elon

11 September 2025

Artificial Intelligence · Business · Finance · NYSE:ORCL · Stock Market · Stocks · Technology