Larry Ellison's net worth has dropped over $100 billion, causing him to fall from second to seventh on the global rich list, with his current fortune at $192.4 billion, behind Mark Zuckerberg who saw a rise to $194.1 billion due to Meta's stock increase. Oracle's shares dropped nearly 41% since June 1, after hitting an intraday high, culminating in a 20% decline last week—the worst since 2001. Ellison briefly surpassed $300 billion earlier in June but now ranks behind Jeff Bezos as well. The market's fluctuations also hint at Elon Musk's potential return to trillionaire status following a stock rise of Tesla and SpaceX.

BETA

This is a BETA experience. opt-out here

Business

Larry Ellison’s Net Worth Plunges $100 Billion Amid Oracle Slide—Falling Below Zuckerberg As World’s Seventh Richest

By Ty Roush,

Forbes Staff.

Ty Roush is a breaking news reporter based in New York City.

Follow Author

Jun 29, 2026, 01:39pm EDT

Topline

Larry Ellison, who ranked the world’s second-richest person earlier this month, dropped to the No. 7 spot behind Mark Zuckerberg following another rise in Meta’s stock and a nearly monthlong downturn in Oracle shares that has cut more than $100 billion from Ellison’s net worth.

The Oracle chairman ranked the world’s second-richest person earlier this month.

Getty Images

Key Facts

Shares of Oracle rose slightly (0.3%) as of Monday afternoon, after a nearly 41% plunge for the stock since ORCL hit an intraday high of $250 on June 1, while Meta shares advanced 2.6%.

Oracle’s stock dropped nearly 20% last week, its worst performance since 2001, according to FactSet data.

A boost in Meta shares increased Zuckerberg’s net worth by $5 billion to $194.1 billion, ranking him ahead of Ellison ($192.4 billion) as the world’s sixth-richest person.

Ellison’s fortune eclipsed $300 billion on June 1 and briefly ranked him as the second-richest person, directly behind Elon Musk, whose fortune is valued at $976.7 billion as of Monday.

The Oracle chairman slid to No. 5 a week later, falling behind Amazon’s Jeff Bezos, whose net worth is now valued at $251 billion.

what to watch for

Musk could soon reclaim his trillionaire status, which he lost after a slump in SpaceX’s stock price and new restrictions on his Tesla shares. He became the world’s first trillionaire following SpaceX’s record-setting initial public offering earlier this month, but shares in the rocket maker briefly dropped below their debut price last week and erased a 41% surge by market close on Friday. Musk’s net worth rose $25.6 billion on Monday as SpaceX shares increased 3.7% and Tesla surged nearly 8%.

key background

Oracle shares rallied ahead of its earnings report on June 5, when analysts anticipated the company would report more than $660 billion in backlog orders. Ellison’s firm reported quarterly revenue of $19.2 billion and $2.11 earnings per share, beating out analyst expectations, as cloud infrastructure revenue skyrocketed 93%. Vital analyst Adam Crisafulli called Oracle’s sales guidance for fiscal year 2027 “a disappointment,” after the company reiterated earlier estimates of $90 billion in total revenue, noting a similar move from Broadcom “underwhelmed investors too.”

Ellison Falls Below Zuckerberg As Seventh Richest

Larry Ellison’s Net Worth Plunges $100 Billion Amid Oracle Slide—Falling Below Zuckerberg As World’s Seventh Richest

Topline

Key Facts

what to watch for

key background

further reading