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Ellison Loses $24 Billion Amid Oracle's Stock Decline

10/24/2025

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Summary

Story summary

Larry Ellison, founder of Oracle, saw his net worth drop $24 billion after a 7% stock decline.
Earlier in 2025, Ellison briefly became the world's richest after a $300 billion cloud contract with OpenAI.
Analysts project 31% annual revenue growth for Oracle over the next five years.
Ellison's net worth is estimated between $336 billion and $350.6 billion, making him the second-richest behind Elon Musk.
Oracle's market cap nears $800 billion.

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Story summary

Larry Ellison, founder of Oracle, saw his net worth drop $24 billion after a 7% stock decline.
Earlier in 2025, Ellison briefly became the world's richest after a $300 billion cloud contract with OpenAI.
Analysts project 31% annual revenue growth for Oracle over the next five years.
Ellison's net worth is estimated between $336 billion and $350.6 billion, making him the second-richest behind Elon Musk.
Oracle's market cap nears $800 billion.