World’s second richest man suffers huge loss during Diwali, what is his net worth now? His business is…
After the recent decline, his ranking changed again, but he remains one of the richest people in the world. He ranks second on the list of the richest people in the world with a net worth of $336 billion.
According to reports, shares of US software giant Oracle fell by almost 5% on Monday, resulting in a decline of $14 billion or approximately Rs 12,33,09,48,00,000 in the net worth of the company’s founder, Larry Ellison.
Larry Ellison lost $14 billion
Despite this decline, Oracle founder Larry Ellison remains this year’s highest-earning billionaire. According to the Bloomberg Billionaires Index, his net worth has increased by $144 billion this year, a 75 percent increase despite the recent $14 billion decline. He ranks second on the list of the richest people in the world with a net worth of $336 billion.
For those who don’t know, Ellison owns more than 40% of Oracle, the largest component of his wealth. He briefly became the world’s richest person in September 2025 due to a surge in Oracle’s shares, but his ranking has since fallen. His fortune temporarily surpassed that of Elon Musk, driven by news of major AI cloud contracts with companies like OpenAI and Meta. After the recent decline, his ranking changed again, but he remains one of the richest people in the world.
Meanwhile, Oracle’s shares remain volatile; There was a big spike in September due to AI-related news, followed by a recent decline due to concerns about the profitability of the AI cloud division; The reported 14% gross margin raised questions about its ability to turn AI investments into high-margin profits. The market was skeptical of Oracle’s optimistic growth targets that led to profits, including $225 billion in revenue expected by fiscal 2030. While JP Morgan downgraded Oracle, citing rising AI expansion costs, other analysts have mixed views, with some setting price targets as high as $400.
Other billionaires
The net worth of the world’s 10 richest people increased; While Elon Musk maintained his position as the richest person with a net worth of $461 billion, he was followed by Mark Zuckerberg ($258 billion), Jeff Bezos ($240 billion) and others. India’s richest man, Mukesh Ambani, ranks 18th with a net worth of $104 billion. As for Adani Group, Gautam Adani’s conglomerate has recorded significant growth with a return on assets (ROA) of 16.5% in fiscal 2024-25, placing it among the best-performing companies in global infrastructure.
