The founder of Oracle has seen his wealth evaporate by over $100 billion, dropping to third place globally

AASTOCKS
2025.11.21 22:37

Driven by the previous surge fueled by artificial intelligence, Oracle (ORCL.US) stock price briefly propelled co-founder Larry Ellison to the title of the world's richest person in September. However, the stock price subsequently declined for an extended period, erasing all previous gains and causing Ellison's net worth to evaporate by $130 billion, dropping him to third place with a net worth of $253.3 billion.

The sharp decline in Oracle's stock price also allowed Ellison to be surpassed in the global billionaire rankings by Google co-founder Larry Page, who has risen to second place on the Bloomberg Billionaires Index for the first time, with a current net worth of $256.9 billion, reaching an all-time high. However, he still trails behind Elon Musk of Tesla (TSLA.US), who has a net worth of $421.8 billion

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