Topline<\/p>\n
Larry Ellison slid to become the world\u2019s eighth-richest person on Friday, falling behind Nvidia\u2019s Jensen Huang after his net worth shed $6 billion, as a monthslong decline in Oracle shares has lowered the firm\u2019s chairman from his spot near the peak of the wealthiest billionaires.<\/p>\n
Oracle\u2019s shares have plunged nearly 40% since Ellison ranked just below Elon Musk. <\/p>\n
Copyright 2025 The Associated Press. All rights reservedKey Facts<\/p>\n
Ellison, whose net worth is estimated at $192.6 billion as of market close Friday, now ranks No. 8 behind Jensen ($194.4 billion), marking a $104 billion decline for Ellison\u2019s fortune since he ranked the world\u2019s second-richest on June 2.<\/p>\n
Shares of Oracle plunged roughly 54% between hitting a high of just over $250 on June 1 to a low of $114.50 on July 28, though the stock rebounded slightly to $150.52 as of Friday.<\/p>\n
A decline followed Oracle telling investors it expected to raise $40 billion through debt and equity financing, with capital expenditures surging 162% to $55.7 billion and spending expected to top $95 billion by fiscal 2027.<\/p>\n
Jacob Bourne, an analyst at eMarketer, told Reuters<\/a> there are broader concerns about how Oracle would fund its capital spending to match its revenue projections, and Bank of America analysts separately flagged in a note cautioning that more than 50% of Oracle\u2019s remaining performance obligation comes from OpenAI.<\/p>\n Melius Research analysts wrote last month that Oracle\u2019s spending plans may not hold if OpenAI or Anthropic demands more computing capacity.<\/p>\n S&P Global also downgraded<\/a> Oracle\u2019s credit rating in July, arguing the firm\u2019s \u201crapidly expanding\u201d AI infrastructure business could pay off, but may be too expensive and could weaken Oracle\u2019s financial position in the meantime.<\/p>\n big number<\/p>\n $443 billion. That\u2019s how much Oracle\u2019s market valuation has dropped since peaking at $877.1 billion in September, hitting $433.5 billion as of Friday.<\/p>\n the ellison bid backing paramount\u2019s warner bros. discovery takeover<\/p>\n Larry Ellison, whose son David Ellison is the chief executive of Paramount Skydance, agreed<\/a> to provide an \u201cirrevocable personal guarantee\u201d of $40.4 billion to finance Paramount\u2019s $110 deal for Warner Bros. Discovery in December. That deal has since been paused, however, after Paramount agreed to push back its acquisition to 2027 after a lawsuit filed by 12 states argued the transaction would result in \u201chigher prices, lower quality and less content for film and television.\u201d David Ellison, in an op-ed<\/a> for The New York Times earlier this month, argued broader scrutiny of Paramount\u2019s takeover is \u201cnot really about market share\u201d and instead is centered on \u201cwhether I can be trusted as a steward of Warner\u2019s CNN.\u201d David Ellison said there has been \u201cspeculation about my politics, my loyalties, my intentions,\u201d and claimed to have \u201cregularly\u201d voted for candidates of both parties and hold some views \u201cthat would be called conservative and others that would be called liberal, just like most Americans.\u201d Larry Ellison backed President Donald Trump\u2019s 2024 reelection and has since established close ties to the Trump administration, appearing alongside Trump at the White House to announce a multibillion-dollar AI infrastructure project last year in which Oracle is a key participant. David Ellison reportedly<\/a> hosted Trump and other Trump administration officials at a private dinner earlier this year as Paramount sought federal approval for its bid.<\/p>\n key background<\/p>\n Oracle, once viewed as a potential winner of the booming AI infrastructure buildout, has since raised concerns among investors who appear to view the firm as taking on too much financial risk to fund its projects. Wall Street has cautioned that mega-cap tech firms may be taking on too much spending to match growing demand for AI products, with firms like Amazon expecting to spend more than $200 billion. Oracle\u2019s backlog has exploded to $638 billion, but more than half is reportedly associated with OpenAI, and some analysts have cautioned that most of those funds may not be guaranteed.<\/p>\n further readingForbesLarry Ellison Becomes Second Richest In The World\u2014Surpasses Bezos, Brin And Page In 2 DaysBy Alicia Park<\/a>ForbesDavid Ellison Says Paramount-Warner Bros. Discovery Scrutiny Is About \u2018Whether I Can Be Trusted\u2019 With CNNBy Ty Roush<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Topline Larry Ellison slid to become the world\u2019s eighth-richest person on Friday, falling behind Nvidia\u2019s Jensen Huang after…\n","protected":false},"author":3,"featured_media":1002927,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[6],"tags":[64,32129,92329,401527,20858,401528,211158,67,132,68],"class_list":["post-1002926","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-david-ellison","tag-larry-ellison","tag-larry-ellison-net-worth","tag-oracle","tag-oracle-shares","tag-oracle-stock","tag-united-states","tag-unitedstates","tag-us"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/117101089832103504","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/1002926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=1002926"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/1002926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/1002927"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=1002926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=1002926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=1002926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}