Oracle Wealth Decline: Larry Ellison’s Fortune Drops Dramatically

The decline in Oracle’s stock has caused a significant decrease in the fortune of co-founder and chief technology officer Larry Ellison, diminishing it by more than $193 billion within six months. This sharp drop in Oracle Corporation shares has drastically reduced the wealth of one of the globe’s wealthiest technology leaders.

Data from the Bloomberg Billionaires Index reveals that Ellison’s net worth decreased from $388 billion on September 22, 2025, to $195 billion by April 3, 2026. This nearly $200 billion drop has reshuffled the rankings among the world’s richest, moving him down to sixth place after previously being just behind Elon Musk.

What’s Behind the Decline?

The plunge in Ellison’s fortune reflects the steep downturn in Oracle’s stock prices. Shares have dropped close to 58% from their peak of $345.72 in September 2025, closing at $146.38 on April 2, 2026.

Owning nearly 41% of Oracle, Ellison is substantially exposed to the firm’s market performance. This concentration means that any variations in Oracle’s valuation significantly impact his personal wealth.

Layoffs Intensify the Pressure

In this challenging context, Oracle reportedly laid off thousands of employees worldwide on March 31.

The firm has allegedly reduced its workforce by between 20,000 and 30,000 jobs, equating to about 18% of its total employees. In India, media outlets indicate that around 12,000 staff members across various departments were impacted.

Workers received early morning emails that stated: “After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organisational change.”