Wednesday, 10 June, 2026
AI Cool-Down Wipes $47 Billion From Oracle Founder Larry Ellison’s Fortune
By TechShots Studio
Oracle founder Larry Ellison lost over $47 billion in personal wealth in less than a week, causing him to tumble from the world’s second-richest person to fifth. The massive drop follows a broader technology and AI sector selloff, which dragged Oracle shares down roughly 17%. Because Ellison owns about 41% of Oracle, a single 4% dip on Tuesday alone erased an estimated $10.4 billion from his net worth.
Read full story at TIMES OF INDIA