Larry Ellison’s wealth is overwhelmingly tied to Oracle stock, which surged during the AI and cloud infrastructure boom, briefly pushing his net worth above $400 billion in late 2025 before market corrections in 2026 erased part of those gains.
The layoffs, which impacted nearly 50 percent of Oracle’s India workforce, are part of a broader global restructuring that has seen about 30,000 jobs cut worldwide.
As Larry Ellison’s comments went viral, it also fuelled criticism online, with many users interpreting the remarks as a sign of tech companies embracing automation while cutting off human roles.
Paramount has been aggressively pursuing Warner Bros. for months, and Ellison was taken by surprise when the board agreed to a deal with Netflix for $82.7 billion
The increase lifted Larry Ellison's total fortune to $393 billion, ahead of Musk who sits at $385 billion
The jump in fortune is mainly attributable to Ellison’s 41 percent stake in software company Oracle.
Larry Ellison owns just under 40 percent of the software giant, Oracle. He was a board member for Tesla and now only trails CEO Elon Musk’s $250.7 billion fortune for the title of the world’s richest person.
The growth was driven by several large deals signed in the country in the previous quarter following demand from AI use cases, Oracle's top executives have said. The company continues to focus on India with newer offerings such as NetSuite's ERP solutions
“Oracle has now reached a point where we have connected our cloud with AWS, Google and Microsoft and we have put up Oracle Cloud Infrastructure (OCI) data centres with all of them,” Oracle chairman Larry Ellison.
The company is also betting big on SaaS, as it estimates the business opportunity in India to grow to $50 billion by 2030
With this, Microsoft will be the only other hyperscaler to offer Oracle Cloud Infrastructure Database Services. The announcement comes less than a week after Oracle reported slowdown in cloud sales growth making investors question its market competitiveness.
Island Air, a Honolulu-based carrier with a handful of island-hopping planes that Ellison bought in February, confirmed discussions between Island and Phoenix-based Mesa Air Group, the parent company of Hawaii's interisland Go! Airlines.
Oracle Corp forecast a return to growth in new software sales this quarter, after blaming its rapidly expanding salesforce for a severe miss in third-quarter revenue that drove its shares 8 percent lower on Wednesday.
With networth of USD 21.5 billion, Mukesh Ambani has retained his title as India's richest person for sixth year in a row, while Mexican business tycoon Carlos Slim has emerged as wealthiest in the world for the fourth consecutive year.
CEO Larry Ellison announces Oracle's first public cloud at Oracle Open World 2012.