Oracle stock decline reduces Larry Ellison's assets by $124.8 billion in one month

According to Forbes on the 14th local time, Oracle founder and chairman Larry Ellison's assets have decreased by $124.8 billion (approximately 186 trillion Korean Won) in just over a month. On the 1st of last month, Oracle's stock price was $250 per share, and Larry Ellison, who holds 40% of Oracle, had total assets exceeding $300 billion, ranking as the world's second-richest person after Elon Musk. Oracle has recently faced continued selling pressure, with its stock price falling to $133 per share on the 13th, its lowest level in 14 months. Larry Ellison's assets have dropped to $175.2 billion, and his ranking has fallen to 8th place, below NVIDIA CEO Jensen Huang's $176.3 billion.

Last year, Oracle signed a $300 billion contract with AI startup OpenAI and built related infrastructure such as data centers. Oracle has already invested $55.7 billion in AI data centers and announced an additional investment of $70 billion. On the 9th, Standard & Poor's downgraded Oracle's credit rating from BBB to BBB-, which is just one notch above junk bond status. (ETNews SW).