Oracle co-founder and Chief Technology Officer Larry Ellison has reportedly seen his fortune decline by over $193 billion in just six months, as a steep fall in Oracle Corporation shares significantly impacted his net worth.
According to the Bloomberg Billionaires Index, Ellison’s wealth dropped from $388 billion on September 22, 2025, to around $195 billion as of April 3, 2026. This sharp decline has also affected his global ranking, pushing him down to sixth place after previously being among the top contenders just behind Elon Musk.
The primary reason behind the fall is the ongoing weakness in Oracle’s stock performance. Shares of the company have reportedly fallen nearly 58% from their September 2025 peak of $345.72, closing at $146.38 on April 2, 2026. As Ellison holds an estimated 41% stake in the company, his personal wealth remains closely tied to Oracle’s market valuation.
Adding to the pressure, Oracle recently carried out large-scale layoffs, reportedly affecting between 20,000 and 30,000 employees worldwide, or around 18% of its workforce. In India alone, around 12,000 employees were reportedly impacted across various departments.
Affected employees received termination notices via email stating that the decision was part of a broader organisational restructuring aligned with the company’s current business needs.
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