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Layoffs & Tech JobsNov 3, 2026·2 min read

Larry Ellison has crashed to 9th on the rich list after a $159 billion wealth decline in the past year

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Business Insider – Tech

businessinsider.com
1d ago
Larry Ellison has crashed to 9th on the rich list after a $159 billion wealth decline in the past year

Summary

Larry Ellison, the Oracle cofounder. Anna Moneymaker/Getty Images Larry Ellison's net worth has fallen by nearly 50% over the past year. The Oracle cofounder is now the world's ninth-richest person. Oracle shares fell on Monday amid concerns about its AI spending. Larry Ellison has lost $159 billion, almost half his net worth, over the past year. The Bloomberg Billionaires Index shows Ellison's net worth has fallen by 49.2% to $164 billion, making him the world's ninth-richest person. He started the year ranked fifth — ahead of Mark Zuckerberg and behind Google's Sergey Brin. The 82-year-old's wealth is tied to his shares in Oracle, the tech company he cofounded in 1977. In mid-September, Oracle began a fresh round of layoffs, as Business Insider first reported . The job cuts came as the company racks up debt to fund its AI spending and affected double-digit percentages on some teams.

From the source

Larry Ellison, the Oracle cofounder. Anna Moneymaker/Getty Images Larry Ellison's net worth has fallen by nearly 50% over the past year. The Oracle cofounder is now the world's ninth-richest person. Oracle shares fell on Monday amid concerns about its AI spending. Larry Ellison has lost $159 billion, almost half his net worth, over the past year. The Bloomberg Billionaires Index shows Ellison's net worth has fallen by 49.2% to $164 billion, making him the world's ninth-richest person. He started the year ranked fifth — ahead of Mark Zuckerberg and behind Google's Sergey Brin. The 82-year-old's wealth is tied to his shares in Oracle, the tech company he cofounded in 1977. Its share price is down 39% since the start of 2026, and over 53% since November 2025. That included a nearly 9% drop on Monday as investors reacted to Oracle's announcement that it is issuing new shares and bonds to raise $20 billion. The stock fell another 1.5% in premarket trade on Tuesday. Investors are wary about

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