Larry Ellison’s Net Worth Falls $11 Billion As Oracle Shares Plummet To Four-Month Low
Oracle co-founder Larry Ellison lost $11 billion in a single day as company shares plummeted to a four-month low following a massive fundraising announcement. The technology giant filed to sell $20 billion in new stock and bonds to finance its artificial intelligence expansion and buildout. The sharp market decline pushed Ellison down to ninth place on the rich list, while the broader company slide also triggered a high-grade bond push ahead of the United States midterm vote.
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- ✓ Larry Ellison's estimated net worth fell by $11 billion after Oracle shares dropped to a four-month low.
- ✓ Oracle filed and executed plans to raise $20 billion in new stock and bonds to finance its artificial intelligence buildout.
- ✓ Oracle sold 86.2 million new shares at $116 and $10 billion of bonds.
- ✓ Larry Ellison fell to 9th on the rich list following the stock decline.
What changed
Oracle tapped investors for $20 billion through debt and equity offerings, causing company shares to drop and wiping $11 billion from Larry Ellison's net worth in a single day.
Live updates
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Oracle Shares Slide As Firm Taps Investors For $20 Billion
Oracle co-founder Larry Ellison lost $11 billion in a single day as company shares plummeted to a four-month low following a massive fundraising announcement. The technology giant filed to sell $20 billion in new stock and bonds to finance its artificial intelligence expansion and buildout. The sharp market decline pushed Ellison down to ninth place on the rich list, while the broader company slide also triggered a high-grade bond push ahead of the United States midterm vote.
Why it matters
The massive capital raise rattled investors who expressed concerns over artificial intelligence funding and cash-flow pressures. Oracle sold 86.2 million new shares at $116 alongside $10 billion of bonds. The six-month slide reduced Larry Ellison's fortune significantly, dropping him out of his previous standing in the billionaire rankings.
What is confirmed
- Larry Ellison's estimated net worth fell by $11 billion after Oracle shares dropped to a four-month low.
- Oracle filed and executed plans to raise $20 billion in new stock and bonds to finance its artificial intelligence buildout.
- Oracle sold 86.2 million new shares at $116 and $10 billion of bonds.
- Larry Ellison fell to 9th on the rich list following the stock decline.
Still unconfirmed
- Wedbush flagged specific artificial intelligence funding concerns regarding Oracle's capital strategy.
What to watch next
- Oracle's ability to cover cash-flow requirements within the next 13 months.
- Further market reaction to the $20 billion debt and equity dilution.
confidence 95%Sources used for this update (17)
- flipboard.com — Beloved singer’s wife killed after welcoming robbery suspects with lemonade
- Oracle - Investor Relations — Oracle Investor Day 2026: Accelerating Value Creation
- CNBC — Oracle files to sell $20 billion in new stock, bonds to finance AI buildout
- Reuters — Oracle taps investors for $20 billion to finance AI expansion
- WSJ — Oracle Looks to Raise $20 Billion to Fund AI Ambitions
- Bloomberg.com — Oracle Leads 17-Firm High-Grade Bond Push Before US Midterm Vote
- Bloomberg.com — Oracle Is Near $10 Billion Share Sale at 11% Discount
- Forbes — Larry Ellison’s Net Worth Falls $11 Billion As Oracle Shares Plummet To Four-Month Low
- Proactive financial news — Oracle gains 4% as Wedbush flags AI funding concerns
- Cloud Wars — Oracle Bets it Can Get Cash-Flow Monkey Off its Back in 13 Months
- finance.yahoo.com — Oracle’s Six-Month Slide Just Cost Larry Ellison His Top-10 ...
- www.billionaires.africa — Larry Ellison loses $11 billion as Oracle shares fall
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