Larry Ellison has crashed to 9th on the rich list after a $159 billion wealth decline in the past year
Source: Business Insider ·
Larry Ellison's net worth has fallen 49% over the past year to $164 billion as Oracle shares have dropped.
From the source
Larry Ellison, the Oracle cofounder.Anna Moneymaker/Getty ImagesLarry Ellison's net worth has fallen by nearly 50% over the past year.The Oracle cofounder is now the world's ninth-richest person.Oracle shares fell on Monday amid concerns about its AI spending.Larry Ellison has lost $159 billion, almost half his net worth, over the past year.The Bloomberg Billionaires Index shows Ellison's net worth has fallen by 49.2% to $164 billion, making him the world's ninth-richest person. He started the year ranked fifth — ahead of Mark Zuckerberg and behind Google's Sergey Brin.The 82-year-old's wealth is tied to his shares in Oracle, the tech company he cofounded in 1977. Its share price is down 39% since the start of 2026, and over 53% since November 2025.That included a nearly 9% drop on Monday as investors reacted to Oracle's announcement that it is issuing new shares and bonds to raise $20 billion. The stock fell another 1.5% in premarket trade on Tuesday.Investors are wary about the…