Oracle Jumps 10% to $250, Pushing Larry Ellison's Net Worth Above $300 Billion
Updated
Updated · Forbes · Jun 1
Oracle Jumps 10% to $250, Pushing Larry Ellison's Net Worth Above $300 Billion
1 articles · Updated · Forbes · Jun 1
Oracle climbed more than 10% Monday to an intraday 2026 high of $250, lifting cofounder Larry Ellison—who owns about 40% of the company—past $300 billion in net worth.
Wall Street helped drive the move after Wedbush, Arete and Oppenheimer raised price targets, pointing to locked-in contracts and Oracle's expanding role supplying compute power to OpenAI, Microsoft, Nvidia and Meta.
The rally extends software's strongest month since 2001 and marks a sharp reversal from Oracle's earlier 35% slide, which followed a $50 billion AI expansion plan, a revenue miss and concerns over OpenAI data-center financing and delays.
Skeptics still argue the AI trade depends on execution: Oracle is burning cash, carries more than $124 billion in long-term debt, and must deliver the data centers customers are expected to fill.
Oracle's stock is soaring on AI demand, but can our power grids handle the massive energy price of this boom?
With massive debt and unproven AI returns for many clients, is Oracle's infrastructure bet a bubble waiting to burst?
Oracle’s $553 Billion AI Backlog: Larry Ellison’s Expanding Wealth, Media Power, and the High-Stakes Race for AI Dominance (2025-2026)
Overview
As of June 2026, Larry Ellison stands out as a powerful billionaire whose wealth is closely tied to Oracle’s performance. Serving as Oracle’s chairman and chief technology officer, Ellison has driven the company’s aggressive shift into AI cloud infrastructure, fueling both his net worth and Oracle’s industry influence. Beyond technology, he is expanding into media with his son and has played a notable political role, raising millions for campaigns and offering counsel during the COVID-19 pandemic. Ellison’s journey reflects the growing concentration of wealth and influence among tech leaders shaping today’s global landscape.