Topline
Oracle co-founder Larry Ellison’s estimated net worth fell $11 billion Monday, tumbling as company shares fell to a four-month low after it revealed it is selling $20 billion of debt and equity to possibly fund its artificial intelligence offerings.
Key Facts
Ellison’s fortune fell $11 billion to $160 billion shortly after 2:30 p.m. EDT., though the drop did not affect his No. 8 ranking on Forbes’ real-time billionaires list as he remained just ahead of Los Angeles Clippers owner Steve Ballmer ($159.9 billion).
Oracle shares were down 8.5% as of Monday afternoon, their lowest point since April as the stock has slid over 30% in the last six months of trading.
The company made twofilings with the Securities and Exchange Commission showing it will sell $10 billion in common stock and $10 billion in bonds.
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The money will be used for general purposes including “capital expenditures, repayment of indebtedness, future investments or acquisitions and payment of cash dividends on or repurchases of our common stock,” Oracle said in the filings.
Forbes Valuation
Ellison’s net worth places him behind Nvidia chief Jensen Huang ($178.4 billion), Meta CEO Mark Zuckerberg ($210.6 billion), Alphabet co-founder Sergey Brin ($217.4 billion), Dell Technologies chief Michael Dell ($222.9 billion), Alphabet co-founder Larry Page ($236.1 billion), Amazon co-founder Jeff Bezos ($369.2 billion) and SpaceX CEO Elon Musk ($892.7 billion).
Big Number
37%. That is how far Oracle shares have fallen this year. The company’s stock reached its highest point of the year in June, when it surged to the $248 mark.
Key Background
Oracle reported a massive 121% jump in cloud infrastructure revenue in its first quarter earnings report published in September. The company also said it signed over $30 billion in additional AI cloud contracts as it maintained its annual spending target of $90 billion to $95 billion. Though Oracle has logged significant returns in its recent quarterly earnings reports, its stock has been hindered by investor concern over artificial intelligence expenditure and whether the billions of dollars sunk into it will actually translate to returns. Oracle logged $55.7 billion in capital expenditures during its 2026 fiscal year.
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