Larry Ellison’s net worth continued falling this week as Oracle’s (NYSE:ORCL) stock retreated to its lowest level since April 13.
It has dropped by 57% from its highest point in September last year amid concerns about its artificial intelligence (AI) financing.
Oracle Stock Retreat is Punishing Larry Ellison’s Wealth Ellison, the billionaire founder of Oracle, has lost billions of dollars in wealth.
According to Bloomberg, his net worth has fallen by more than $45.4 billion this year, making him one of the world's worst-performing billionaires.
Ellison, who briefly became the wealthiest person in the world last year, now has a net worth of over $202 billion.
