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Oracle Stock Slump Knocks Larry Ellison Down the Billionaire Ranks

Oracle Stock Slump Knocks Larry Ellison Down the Billionaire Ranks
Oracle’s stock experienced a significant drop following a disappointing earnings forecast, causing a corresponding decline in the net worth of its co-founder, Larry Ellison. The slump resulted in a sharp reduction of his wealth, making him slide down the ranks of the world's richest individuals on the Bloomberg Billionaires Index.

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