Oracle founder Larry Ellison loses more than $47 billion in less than 7 days, falls to No 5 on World’s Richest list from No 2
Larry Ellison has lost more than $47 billion in personal wealth in less than a week as shares of Oracle continued to fall ahead of the company’s earnings report. Ellison’s fortune dropped from about $296 billion last Tuesday, June 2 to around $249.7 billion, according to Forbes’ Real-Time Billionaires List. The fall comes as investors pull back from technology and AI-related stocks, leading to a broader selloff across the sector. The decline has pushed the Oracle founder from the world’s second-richest person to fifth place on the billionaire rankings.
Why Larry Ellison lost over $47 billion in less than a week
Oracle shares fell more than 4% on Tuesday – June 9, extending their losses to about 17% over the past week. The stock’s decline also weighed heavily on Larry Ellison’s net worth because he owns roughly 41% of Oracle. Tuesday’s drop alone reduced his fortune by an estimated $10.4 billion.According to Forbes’ rankings, Ellison now trails Amazon founder Jeff Bezos, Google co-founders Sergey Brin and Larry Page, and the world’s richest individual Elon Musk.The broader technology sector also came under pressure. Shares of companies including Marvell, AMD, Micron, Apple and Nvidia all declined during Tuesday’s trading session.Oracle is scheduled to report quarterly earnings after the market closes today, i.e. June 10. As per the Forbes report, analysts expect the company to post earnings of $1.96 per share on revenue of $19.1 billion. That would represent year-over-year growth of 15% and 20%, respectively.Investors will also be watching Oracle’s order backlog closely. Analysts expect the company to report backlog orders worth about $661 billion, up from $553 billion reported in March. That figure would be larger than the market value of many major companies, including Oracle itself, and even exceed the annual economic output of several countries.
Larry Ellison’s wealth rose in last one year over AI optimism
Larry Ellison’s wealth has surged in recent years amid demand for AI infrastructure and cloud computing, boosting Oracle’s business and stock price. Last year, he became the second person to cross the $400 billion net worth mark after Elon Musk. The rally was driven by investor excitement over Oracle’s AI-related growth plans and forecasts for rapid growth in its cloud infrastructure business.However, Oracle shares have fallen nearly 41% from their peak reached in September 2025 as some investors have become more cautious about AI-related stocks.
