https://sputnikglobe.com/20251212/oracle-founder-loses-nearly-25bln-in-one-day-drops-to-third-in-worlds-rich-list--bbi-1123285590.html
Oracle Founder Loses Nearly $25Bln in One Day, Drops to Third in World's Rich List – BBI
Oracle Founder Loses Nearly $25Bln in One Day, Drops to Third in World's Rich List – BBI
Sputnik International
Larry Ellison, co-founder of US database giant Oracle, lost $24.9 billion in a single day after the company's shares fell nearly 11%, moving him from second to third place among the world's richest people, the Bloomberg Billionaires Index (BBI) showed on Friday.
2025-12-12T14:44+0000
2025-12-12T14:44+0000
2025-12-12T14:44+0000
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On Thursday, Oracle shares dropped 10.83% to $198.85 per share. In pre-market trading on Friday, the stock fell another 0.88% to $197.10. The sell-off followed a weaker-than-expected earnings report, which showed Oracle's quarterly revenue, including revenue from its cloud computing division, falling short of analyst's forecasts. As a result, Ellison's net worth declined by $24.9 billion in one day to $258 billion, pushing him down to third place in the global billionaire rankings. Google co-founder Larry Page took the second place with $268 billion, while US billionaire entrepreneur Elon Musk remained at the top of the list with $462 billion. Founded in 1977 and headquartered in Austin, Texas, Oracle is one of the world's largest software companies.
https://sputnikglobe.com/20250110/billionaires-budget-cuts--drought-whats-fueling-las-fire-crisis-1121401372.html
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larry ellison, us database giant oracle, bloomberg billionaires index
larry ellison, us database giant oracle, bloomberg billionaires index
Oracle Founder Loses Nearly $25Bln in One Day, Drops to Third in World's Rich List – BBI
WASHINGTON (Sputnik) - Larry Ellison, co-founder of US database giant Oracle, lost $24.9 billion in a single day after the company's shares fell nearly 11%, moving him from second to third place among the world's richest people, the Bloomberg Billionaires Index (BBI) showed on Friday.
On Thursday, Oracle shares dropped 10.83% to $198.85 per share. In pre-market trading on Friday, the stock fell another 0.88% to $197.10.
The sell-off followed a weaker-than-expected earnings report, which showed Oracle's quarterly revenue, including revenue from its cloud computing division, falling short of analyst's forecasts.
As a result, Ellison's net worth declined by $24.9 billion in one day to $258 billion, pushing him down to third place in the global
billionaire rankings.
Google co-founder Larry Page took the second place with $268 billion, while US billionaire entrepreneur Elon Musk remained at the top of the list with $462 billion.
Founded in 1977 and headquartered in Austin, Texas, Oracle is one of the world's largest software companies.
