Topline
Larry Ellison’s fortune declined by more than $10 billion on Tuesday, dropping him behind Jeff Bezos to the No. 5 spot among the wealthiest as Oracle shares stumbled amid another broad decline for tech stocks.
The Oracle co-founder was recently ranked the world’s second-richest person.
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Key Facts
Shares of Oracle dropped by more than 4% as of Tuesday afternoon, extending losses of 17% over the last week, as other tech stocks headlined declines across the stock market, including Marvell (11.5%), AMD (7.2%), Micron (5.9%), Apple (3.8%) and Nvidia (2.6%).
The latest intraday slide for Oracle lowered Ellison’s net worth by $10.4 billion, valued at $249.7 billion, ranking him behind Amazon’s Bezos ($252 billion) and Google cofounders Sergey Brin ($272.7 billion) and Larry Page ($295.6 billion), according to Forbes’ Real-Time Billionaires list.
Ellison’s net worth has plummeted by roughly $47 billion over the last week, down from an estimated $296 billion, which made him the second-richest person last Tuesday.
what to watch for
Oracle will report earnings after market close on Wednesday. The company is expected to report $1.96 earnings per share and $19.1 billion in revenue, accounting for a 15% and 20% increase year-over-year, respectively, according to FactSet.
surprising fact
Analysts anticipate Oracle reporting $661 billion in backlog orders, a nearly 20% jump from the $553 billion it reported in March. That’s more valuable than most publicly traded companies, including Oracle itself ($587 billion), Johnson & Johnson ($569 billion), Costco ($429 billion) and Caterpillar ($413 billion), and larger than the GDP of most countries, like Austria ($623 billion), Norway ($599 billion), Denmark ($503 billion) and Finland ($337 billion).
key background
Ellison, who holds a roughly 41% stake in Oracle, has seen his net worth soar in recent years, driven by broader demand for AI infrastructure and technology. Last year, he became the second person after Tesla CEO Elon Musk to be worth at least $400 billion, after a historic surge in Oracle’s stock, which followed Oracle executives projecting cloud infrastructure revenue to skyrocket to $144 billion by 2030, up from an estimated $32 billion in fiscal year 2027. Despite hitting a peak in September 2025, Oracle’s shares have declined by nearly 41% as investors increasingly bet against the company as a broader bet against AI.