Oracle's Larry Ellison lost almost $50 billion this year

2026-02-06 - 05:25

Oracle cofounder Larry Ellison has witnessed a staggering $49 billion drop in his net worth this year, a significant blow attributed to a downturn in software stocks. The market's unease stems from AI advancements threatening established software giants. Other tech titans like Elon Musk and Mark Zuckerberg also experienced substantial wealth declines.