How Larry Ellison Dropped From World's 2nd-Richest To No. 8 In Just 2 Months

Larry Ellison fell to the world’s eighth-richest person on Friday after Oracle shares slid for months, dropping his net worth by $6 billion to an estimated $192.6 billion at market close. He is now behind Nvidia’s Jensen Huang at $194.4 billion, after ranking second on June 2. Oracle stock fell about 54% from a peak of a little over $250 on June 1 to a low of $114.50 on July 28, then rebounded slightly to $150.52 by Friday. The selloff followed Oracle’s outlook to raise $40 billion through debt and equity, with capital expenditures up 162% to $55.7 billion and projected spending over $95 billion by fiscal 2027.