Larry Ellison Drops to No. 8 as Oracle Selloff Cuts Fortune to $175.2 Billion

3 articles · Updated · Forbes · Jul 13

$8 billion vanished from Larry Ellison’s net worth on Monday, leaving him at $175.2 billion and behind Jensen Huang’s $176.3 billion in the global wealth rankings.
Oracle shares fell more than 5% to below $133, extending a 47% slide from their June 1 high and erasing $124.8 billion from Ellison’s fortune since it topped $300 billion.
The selloff has intensified as analysts question Oracle’s plan to spend about $70 billion this fiscal year on AI infrastructure, with the company saying that figure could run $25 billion higher.
S&P Global downgraded Oracle’s credit rating on Thursday, warning the rapidly expanding AI business could eventually pay off but may strain the company’s finances first.
Oracle’s market value has now dropped about $494 billion from its September peak to roughly $383 billion, as investors look past backlog optimism and focus on spending risks and unchanged FY2027 revenue guidance.