By Chris Katje
Publication Date: 2026-06-14 22:32:00
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oracle reported record fourth-quarter sales on Wednesday evening, beating analysts’ estimates, but the stock fell on weaker-than-expected forecasts. The stock’s decline has made co-founders Larry Ellison worth significantly less and fall on the list of billionaires.
Larry Ellison’s “Wealth Falls.”
Ellison has been one of the biggest movers and shakers on the list of the world’s richest people in recent years.
Ellison walked past briefly Elon Musk to become the richest person in the world for part of a day in 2025. This title was short-lived, and unlike Musk, who increases his net worth in 2026, Ellison is falling behind.
On Wednesday, Oracle shares fell in after-hours trading, dropping Ellison’s fortune by more than $10 billion.
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According to Forbes, Ellison was worth $247.8 billion as of Wednesday evening, with Oracle shares down 4% in after-hours trading.
This placed Ellison in fifth place…