Larry Ellison’s $283 Billion Net Worth Threatened as Oracle Stock Collapses

Oracle stock plunges 12% on AI jitters — shrinking Larry Ellison’s net worth by $34B

Shares of tech giant Oracle fell more than 12% on Thursday — shaving more than $30 billion off co-founder Larry Ellison’s net worth.

Larry Ellison’s $283 Billion Net Worth Threatened as Oracle Stock Collapses

Larry Ellison, executive chair and chief technology officer, founded Oracle Corp. (NYSE: ORCL) in 1977. Recently, it has become a tech behemoth, largely because of its key position in the burgeoning artificial intelligence (AI) business. His net worth, according to the Bloomberg Billionaire list, is $283 billion, which makes him the second-richest person in the world. That net worth has risen by $91 billion since the start of the year, largely b…

Oracle stocks drop amid AI bubble fears

Oracle’s stock dropped 11% as its outlays on data centers jumped and its sales fell short of expectations, a possible sign of further AI investment concerns. The software giant’s value shot up in September when it signed half a trillion dollars’ worth of deals to build new cloud-computing infrastructure, briefly making its cofounder Larry Ellison the world’s richest person. But “the market’s mood has shifted from giddy optimism to show-me skepti…

Oracle stock plummets 14%, wiping off $105 billion in market value

Oracle stock fell 14% after announcing a $15B increase in 2026 capex, much of it tied to OpenAI, erasing $105B in value. The post Oracle stock plummets 14%, wiping off $105 billion in market value appeared first on Crypto Briefing.