Larry Ellison’s Fortune Dips $100 B as Oracle Shares Slide, Dropping Him to World’s Seventh-Richest

Oracle’s shares have tumbled nearly 41 % since the June 1 intraday high of $250, with a 20 % decline last week—the steepest weekly drop since 2001. The slide erased more than $100 billion from Larry Ellison’s personal fortune, moving him from the world’s second-richest position to seventh, behind Mark Zuckerberg and three other billionaires.

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Oracle entered June with analysts forecasting a backlog exceeding $660 billion and revenue growth driven by cloud infrastructure. The company reported $19.2 billion in quarterly revenue, $2.11 earnings per share, and a 93 % surge in cloud-infrastructure sales. However, its FY 2027 guidance reaffirmed a $90 billion revenue target—flat relative to prior expectations—prompting concerns about the sustainability of its growth trajectory.

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Larry Ellison’s net worth fell to $192.4 billion. Mark Zuckerberg’s rise to $194.1 billion placed him ahead of Ellison. Jeff Bezos sits at $251 billion, while Elon Musk remains the world’s richest at $976.7 billion.

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Oracle’s shares rose 0.3 % on Monday after a 41 % plunge since the June 1 intraday high of $250, while Meta’s stock climbed 2.6 % in the same session. FactSet data recorded a 20 % weekly drop for Oracle, its steepest since 2001. Analysts had anticipated a backlog exceeding $660 billion, and cloud-infrastructure revenue surged 93 % year-over-year, supporting the $19.2 billion quarterly total.

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Oracle reiterated its FY 2027 revenue outlook of $90 billion, emphasizing that cloud demand remains robust and noting a 93 % year-over-year increase in cloud-infrastructure revenue. FactSet highlighted the stock’s 20 % weekly decline as its sharpest since 2001. Analyst Adam Crisafulli described the guidance as a disappointment, drawing a parallel with recent investor unease over Broadcom’s outlook.

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Crisafulli’s assessment labeled the $90 billion target “a disappointment,” echoing broader investor concerns that Oracle’s growth outlook fell short of market expectations. The comment aligned with similar criticism directed at Broadcom’s recent guidance, suggesting a sector-wide caution. Analysts and shareholders alike flagged the flat revenue projection as underwhelming, contributing to the stock’s steep decline.

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The net-worth shift reshapes the global billionaire hierarchy, moving Ellison from second to seventh place and elevating Mark Zuckerberg. It also signals heightened investor scrutiny of Oracle’s growth prospects, potentially pressuring valuations across the broader technology sector and influencing capital allocation decisions among institutional investors.

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The article provides no direct comment from Ellison and offers limited insight into the assumptions underlying Oracle’s FY 2027 guidance.

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• “Oracle’s stock dropped nearly 20% last week, its worst performance since 2001, according to FactSet data.” — FactSet data

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• “a disappointment,” — Adam Crisafulli, analyst

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• “Vital analyst Adam Crisafulli called Oracle’s sales guidance for fiscal year 2027 “a disappointment,” after the company reiterated earlier estimates of $90 billion in total revenue, noting a similar move from Broadcom “underwhelmed investors too.” — Adam Crisafulli, analyst

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• “ further reading Forbes Ellison’s Oracle Drops 4% After Guidance ‘Disappointment’—Despite Record Sales” — Forbes

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Oracle’s next quarterly earnings report, slated for later this month, will test whether the company can lift its FY 2027 guidance and restore investor confidence. A stronger outlook could stabilize Ellison’s wealth, while another miss may deepen the decline.

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