Larry Ellison’s wealth has taken a sharp hit as Oracle stock keeps sliding, pushing him below Jeff Bezos in the global billionaire ranking. On Tuesday alone, Ellison’s fortune fell by more than $10 billion after Oracle dropped more than 4% in afternoon trading.
The decline has been fast enough to erase nearly $47 billion from his net worth in about a week. That leaves Ellison at an estimated $249.7 billion, according to Forbes’ Real-Time Billionaires list, behind Bezos at $252 billion and well below Google cofounders Sergey Brin and Larry Page.
Oracle’s stock slide deepens
Oracle shares are now down 17% over the last week and have fallen nearly 41% from their peak in September 2025. The drop comes as several tech names have moved lower, including Marvell, AMD, Micron, Apple and Nvidia.
Ellison owns roughly 41% of Oracle, so the company’s moves have an outsized effect on his fortune. His net worth had recently made him the world’s second-richest person, but the latest selloff has quickly reversed that position.
What investors will be watching next
Oracle is scheduled to report earnings after market close on Wednesday. FactSet expects the company to post $1.96 in earnings per share and $19.1 billion in revenue, which would mark year-over-year increases of 15% and 20%, respectively.
Analysts also expect Oracle to report $661 billion in backlog orders, up from $553 billion in March. That figure would be larger than many major public companies and would exceed the GDP of several countries, including Austria, Norway, Denmark and Finland.
Why the market is punishing Oracle
Oracle’s rise in recent years has been tied to demand for AI infrastructure and technology, helping Ellison’s fortune climb rapidly. Last year, he became only the second person after Elon Musk to be worth at least $400 billion, after a historic surge in Oracle shares tied to projections for cloud infrastructure revenue.
Even so, investors have increasingly bet against Oracle as part of a broader caution around AI. That pressure has helped turn one of the market’s biggest winners into one of its sharpest recent declines.
