Larry Ellison Loses Billions: Oracle Founder’s Financial Troubles
- * Larry Ellison's wealth Decline: Oracle co-founder Larry Ellison experienced a significant loss of wealth,approximately $35.8 billion, due to a drop in Oracle's stock price.
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* Larry Ellison‘s wealth Decline: Oracle co-founder Larry Ellison experienced a significant loss of wealth,approximately $35.8 billion, due to a drop in Oracle’s stock price.
* Current Ranking: Despite the loss, Ellison remains the third richest person in the world, according to Forbes, with a current net worth of $245.2 billion. He briefly fell to fifth place before regaining the third spot.
* Comparison to Others: He trails behind larry Page ($260 billion) but remains ahead of Jeff Bezos, Sergey Brin, and Mark Zuckerberg.
* Recent Fluctuations: In September, Ellison had narrowed the gap with Elon Musk (currently at $491.3 billion) as Oracle’s stock rose, briefly increasing his wealth to nearly $405 billion.