Oracle's Larry Ellison has lost almost $50 billion this year in less than forty days
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.
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.
