Larry Ellison, the founder of Oracle, lost nearly 27 billion dollars of his wealth in one day. This was reported by Zamin.uz.
This information was provided in the Forbes Real-Time Billionaires ranking. As of the morning of December 12, 2025, Larry Ellison's total wealth amounted to 249.5 billion dollars.
This figure is about 10 percent less than the value from the previous day. He currently holds the third position on the list of the world's richest people.
Elon Musk and Larry Page are ahead of him. This significant decrease in Ellison's wealth is related to the sharp decline in Oracle company's shares.
In trading on the New York Stock Exchange, Oracle's stock price fell by 10.8 percent to 198.85 dollars. During the day, the decline in shares reached 16.5 percent.
The negative reaction from investors was caused by Oracle's report for the second quarter of the 2026 fiscal year. The company showed results below forecasts and warned of a significant increase in capital expenditures.
Additionally, Oracle Corporation's debt obligations are also causing concern. In the fall, the company issued 18 billion dollars in bonds to build new data centers and attracted large bank loans.
According to Citi analysts, Oracle may need additional debt funds of 20-30 billion dollars annually over the next three years. This situation could affect the company's financial stability.
