Overview
- Oracle shares fell roughly 17% over the week ending June 9, including a more than 4% intraday drop on Tuesday that erased about $10.4 billion from Larry Ellison's net worth.
- Forbes’ Real-Time Billionaires list values Ellison at roughly $249.7 billion after the week’s selloff, moving him from No. 2 to No. 5 in global rankings.
- Ellison’s concentrated holding of about 41% of Oracle amplifies how swings in the company’s stock quickly change his personal wealth.
- Analysts expected Oracle to report $1.96 in EPS and $19.1 billion in revenue and flagged an unusually large backlog near $661 billion as a key near-term catalyst for markets.
- Oracle reported record quarterly revenue and beat EPS estimates on June 10 but gave guidance some investors called cautious, which sent the stock lower after hours and continued pressure on Ellison’s fortune.