Oracle (NYSE:ORCL) reported record fourth quarter revenue and beat analyst estimates Wednesday night, but the stock fell on weaker-than-expected guidance. The stock’s drop has made co-founder Larry Ellison worth significantly less and falling down the billionaires list.
Larry Ellison’s Wealth Falls
Ellison has been one of the biggest risers and fallers on the world’s richest list in recent years.
Ellison briefly passed Elon Musk to become the richest person in the world for part of one day in 2025. That title was short-lived, and unlike Musk, who is adding to his net worth in 2026, Ellison is falling behind.
On Wednesday, Oracle stock fell after-hours and sent Ellison’s wealth down by more than $10 billion.
According to Forbes, Ellison was worth $247.8 billion on Wednesday night with Oracle shares down 4% after hours.
This put Ellison in fifth place, falling behind Amazon.com founder Jeff Bezos, who is worth an estimated $248.8 billion.
With Oracle shares down double digits on Thursday, Ellison’s wealth is likely to fall even more, but he is likely to remain in fifth place. Sixth place belongs to Michael Dell, who is worth $215.6 billion.
Ellison owns around 41% of Oracle stock and is also a shareholder in Tesla Inc (NASDAQ:TSLA) and Paramount Skydance (NASDAQ:PSKY), which are down 11.5% and 22.6%, respectively, in 2026.
What’s Next for Oracle Stock, Ellison
Oracle reported 21% revenue growth in the fourth quarter on a year-over-year basis, with cloud infrastructure revenue up 93% to $5.8 billion.
The company is guiding for first-quarter revenue to be up 27% to 29% year-over-year, with cloud revenue up between 57% and 63%.
Oracle ended the fourth quarter with remaining performance obligations of $638 billion.
The company affirmed its full-year guidance, which may have contributed to the sell-off in shares.
While Ellison’s net worth will be significantly tied to Oracle in future years, assuming he doesn’t sell more of his stake, he is also helping his son David Ellison and Paramount Skydance acquire Warner Bros. Discovery (NASDAQ:WBD).
Ellison is backing the deal and also providing a guarantee of over $40 billion of the deal via equity financing to help alleviate concerns that Paramount had about the capital to acquire the company.
The billionaire has also added an investment in the U.S. operation of TikTok, which was part of a necessary agreement by the government for Chinese parent ByteDance to sell-off majority control of the U.S. division.
Photo: Jay Hirano/Shutterstock
