$200 billion gone: What happened to Oracle co-founder Larry Ellison's fortune

Larry Ellison, co-founder and chief technology officer of Oracle, has seen his fortune plummet by over $193 billion within just six months. This staggering decline is a direct result of a significant drop in Oracle Corporation's stock, impacting one of the wealthiest figures in the tech industry. As reported by the Bloomberg Billionaires Index, Ellison's net worth has decreased from $388 billion on September 22, 2025, to approximately $195 billion by April 3, 2026. This nearly $200 billion loss has not only affected his personal finances but has also altered his standing among the world's billionaires, pushing him down to sixth place behind Elon Musk. The root of this financial downturn lies in Oracle's stock performance, which has seen a dramatic decline of nearly 58% from its peak of $345.72 in September 2025, closing at $146.38 on April 2, 2026. Ellison's significant ownership stake of nearly 41% in Oracle means that his wealth is intricately tied to the company's market performance. Thus, any fluctuations in Oracle's valuation have a substantial impact on his personal wealth. Additionally, Oracle's recent decision to lay off thousands of employees has further compounded the pressure on the company. Reports indicate that between 20,000 and 30,000 jobs, or approximately 18% of the global workforce, have been cut. In India alone, around 12,000 employees were reportedly affected, receiving notifications via early morning emails about the elimination of their roles as part of a larger organizational restructuring. As the tech giant navigates these turbulent times, the implications for Ellison and Oracle remain significant, raising questions about the future of the company and its leadership.