Larry Ellison Loses $100 Billion as Oracle Slide Hits Fortune

Larry Ellison has fallen to seventh place on the global wealth rankings after a prolonged decline in Oracle’s share price erased more than $100 billion from his personal fortune. The drop comes as Meta’s continued stock gains lifted Mark Zuckerberg ahead of the Oracle chairman, reshaping the list of the world’s richest individuals.

Oracle shares edged up 0.3% on Monday, but the stock remains down nearly 41% from its intraday peak of $250 reached on June 1. The company also suffered its steepest weekly decline since 2001 last week, with shares losing almost 20%, according to FactSet data.

The latest market moves increased Zuckerberg’s estimated net worth by $5 billion to $194.1 billion, allowing him to overtake Ellison, whose fortune is now valued at $192.4 billion. Earlier this month, Ellison’s wealth briefly exceeded $300 billion, making him the world’s second-richest person behind Elon Musk. Within days, however, he slipped below Amazon founder Jeff Bezos, whose net worth is currently estimated at $251 billion, before falling further in the rankings.

Elon Musk, whose estimated fortune stands at $976.7 billion as of Monday, may soon regain trillionaire status after losing it following a decline in SpaceX’s share price and new restrictions affecting his Tesla holdings. Musk became the first person to reach a $1 trillion net worth after SpaceX’s record-setting initial public offering earlier this month. Although SpaceX shares briefly traded below their IPO price last week, the stock recovered with a 3.7% gain on Monday, while Tesla climbed nearly 8%, boosting Musk’s wealth by an estimated $25.6 billion.

Oracle’s stock had climbed sharply before its June 5 earnings release as investors expected the company to report backlog orders exceeding $660 billion. The company posted quarterly revenue of $19.2 billion and earnings of $2.11 per share, both ahead of analyst expectations, while cloud infrastructure revenue surged 93%.

Despite the strong quarterly results, investor enthusiasm faded after Oracle reaffirmed its earlier projection of $90 billion in total revenue for fiscal 2027. Vital analyst Adam Crisafulli described the company’s fiscal 2027 sales outlook as “a disappointment,” adding that a similar guidance update from Broadcom had also “underwhelmed investors.”