{
  "id": 15598841,
  "title": "Billionaire Larry Ellison loses $194 billion in one year as oracle stocks fall",
  "url": "https://urgent.news/2026/10/19/billionaire-larry-ellison-loses-194-billion-in-one-year-as-oracle",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T11:05:54.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/19/billionaire-larry-ellison-loses-194-billion-in-one-year-as-oracle-stocks-fall/"
  },
  "original_language": "en",
  "account": "American technology billionaire and Oracle co-founder Larry Ellison has seen a staggering $194 billion decline in his net worth over the past year, according to the Bloomberg Billionaires Index. His wealth has plummeted from an estimated $372 billion to a current $178 billion, marking a 52.1% reduction. Ellison, 82, currently ranks 8th on the list of the world's richest individuals. His fortune is largely tied to Oracle Corporation, the enterprise software company he co-founded in 1977. Oracle's share price dropped by 59.03% year-on-year, falling from $313.00 to $128.23 between October 16, 2025 and October 16, 2026. Bloomberg's wealth breakdown shows that a majority of Ellison's estimated $178 billion fortune comes from his publicly traded holdings in Oracle. The billionaire also holds a 1.4% stake in electric vehicle manufacturer Tesla, though this ownership has not been updated since he left the company's board in June 2022. Three-quarters of Ellison's Oracle holdings have been pledged as collateral against personal debt. Despite a historic rally in Oracle shares in September 2025 that briefly made Ellison the world's richest person, his net worth has since fallen to $217 billion.",
  "summary": "American technology billionaire and Oracle co-founder Larry Ellison has recorded a $194 billion decline in his net worth over the past year, representing a 52.1% reduction in his estimated fortune. The post Billionaire Larry Ellison loses $194 billion in one year as oracle stocks fall appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}