Ellison's Downfall: A Cautionary Tale for Tech Titans Larry Ellison's precipitous fall from second richest to eighth richest person in the world is a stark reminder of the dangers of hubris and overreach in the tech industry.
Since June, his net worth has shed a staggering $104 billion due to Oracle's struggles with its massive AI infrastructure projects.
The writing was on the wall for Ellison's empire when Oracle shares began their freefall in June. The 54% plunge in just over a month is nothing short of catastrophic, and the subsequent rebound to $150.