Oracle co-founder Larry Ellison drops out of world's top 10 billionaires
The gist
Oracle shares fell about 7% on Nov 5, 2026, cutting Larry Ellison's fortune roughly $11.5 billion to about $152.5 billion.
The drop shows how much his wealth now rides on Oracle's AI spending and contracts.
How it unfolded
- Jan 2025Ellison stood at the White House with Sam Altman and Masayoshi Son to announce the Stargate Project.
- Sep 10, 2025Oracle reported $455 billion in contracted future revenue against roughly $180 billion expected by analysts, and its shares jumped about 36 percent, their best day since 1992.
- Sep 10, 2025By the end of the trading day Ellison's wealth rose nearly $90 billion to $383 billion, just shy of Elon Musk's $384 billion, according to Bloomberg.
Key terms
- capital spending
- Money a company spends to buy, maintain, or improve its long-term fixed assets.
- free cash flow
- Cash a business generates from operations after covering working capital needs and capital expenditures, available for creditors and shareholders.
- proxy
- A document a company provides when asking shareholders to vote, disclosing executive pay and conflicts of interest.
Source: Wikipedia