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Currently, Ellison's net worth is estimated at $202.8 billion, as reported by Bloomberg.
Three months ago, Ellison briefly became the richest person in the world, surpassing other billionaires including Elon Musk.
This was due to a surge in Oracle's stock price, which was fueled by increased demand for artificial intelligence computing power.
Previously, after strong financial results and major business announcements, Oracle's shares rose by 36% in a single day, leading to $89 billion increase in Ellison's net worth. This marked the biggest single-day rise in wealth ever recorded by Bloomberg.
However, on Thursday, Oracle's shares fell almost 11% following the company's announcement that it would increase its capital spending for the fiscal year 2026 to $50 billion.
This raised concerns among investors about the company's financial outlook, especially as it is heavily investing in AI. At the same time, Oracle's debt has grown to about $100 billion and could reach $300 billion by the end of fiscal year 2028, according to forecasts from Morgan Stanley.
source: bloomberg.com
Three months ago, Ellison briefly became the richest person in the world, surpassing other billionaires including Elon Musk.
This was due to a surge in Oracle's stock price, which was fueled by increased demand for artificial intelligence computing power.
Previously, after strong financial results and major business announcements, Oracle's shares rose by 36% in a single day, leading to $89 billion increase in Ellison's net worth. This marked the biggest single-day rise in wealth ever recorded by Bloomberg.
However, on Thursday, Oracle's shares fell almost 11% following the company's announcement that it would increase its capital spending for the fiscal year 2026 to $50 billion.
This raised concerns among investors about the company's financial outlook, especially as it is heavily investing in AI. At the same time, Oracle's debt has grown to about $100 billion and could reach $300 billion by the end of fiscal year 2028, according to forecasts from Morgan Stanley.
source: bloomberg.com
