Ellison loses $159B as Oracle's AI buildout spooks investors
11/04/2026 — 11/04, 08:15·1 sources (all)·1 reports (all)
Key takeaways
- Bloomberg's Billionaires Index shows Oracle co-founder Larry Ellison's net worth fell 49.2% over the past year to $164 billion, dropping him…
Background & analysis
According to a report by IT Home on November 4, 2026, citing the Bloomberg Billionaires Index, Oracle co-founder Larry Ellison has lost $159 billion over the past year. His net worth fell 49.2% to $164 billion, dropping him to ninth place in the global rankings. The report notes that at the beginning of the year he was still in fifth place, ahead of Mark Zuckerberg and just behind Google's Sergey Brin. The 82-year-old Ellison built his fortune primarily through his holdings in Oracle stock, and the company's shares have declined 39% so far this year, with the decline exceeding 53% compared to November 2025.
The report adds that on November 2, 2026, Oracle announced plans to raise $20 billion by issuing new shares and bonds. The news triggered a sell-off by investors, with the stock falling nearly 9%; in pre-market trading on November 3, it dropped another 1.5%. The concerns cited in the report center on three points: the size of the financing, whether the company can carry through with its AI-driven data center buildout after committing heavy investment to fulfill AI contracts, and the fact that issuing new shares would dilute existing shareholders while additional borrowing would increase Oracle's debt burden. At this point the story remains at the stage of market reaction to the financing announcement, with no further developments reported.
AI-generated from 1 reports · updated 2 days ago
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Larry Ellison's net worth fell 49.2% over the past year to $164 billion, dropping him to ninth on the Bloomberg Billionaires Index. Oracle shares are down 39% this year, and its plan to raise $20 billion through new stock and debt has intensified investor concerns over the cost of expanding AI data centers.
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