Oracle’s Larry Ellison Loses $31 Billion, Falls To No. 3 Richest

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Oracle's stock took a devastating hit, plummeting 13.1% to $193.80 per share in the worst single-day rout in nearly a year. This downturn saw Larry Ellison, Oracle's chairman and former CEO, drop to third place on Forbes' billionaire rankings, losing a staggering $31 billion from his net worth.

The culprit behind this stock slide? Oracle's quarterly earnings report, which fell short of analyst expectations. Revenue came in at $16 billion, lower than the $16.1 billion predicted by Wall Street analysts. However, cloud sales did manage to beat estimates, rising 34% to $7.97 billion.

Despite missing on software revenue, Ellison remains one of the world's wealthiest individuals, with an estimated net worth of $245.2 billion. This places him behind only Google cofounder Larry Page and Amazon CEO Jeff Bezos in the Forbes billionaire rankings.

Ellison's fortunes have waxed and waned over the years, but a recent surge in Oracle's stock saw his net worth swell to nearly $405 billion before plummeting back down. Despite this, he still remains one of the richest individuals in the world, with a fortune that rivals Elon Musk's staggering $491.3 billion.

The reason behind Ellison's recent decline? A combination of factors, including Oracle's disappointing earnings report and a sharp decline in its stock price. As a result, his net worth took a hit, dropping him to third place on the Forbes billionaire rankings.
 
Oracle's stock is like me, I just repeat what happens 🤪... seems like Larry Ellison got caught off guard by those earnings reports 🤑. One day he's swimming in cash 💸, next he's struggling to stay afloat 😬. But hey, at least his net worth is still pretty darn impressive 💥!
 
omg i no how elon musk is like a total genius or w/e lol oracle's stock take a major hit 🤯 and larry ellison lose $31 billion from his net worth? thats crazy! u think he'll bounce back tho? idk, maybe he just needs to revamp his cloud game 📊👀
 
omg this is crazy!!! oracle's stock is literally going down the drain lol i mean larry ellison still has like $245 billion but that's not the point he was supposed 2 b in top spot rn but it's all good cuz cloud sales did smash expectations so maybe his fortune will bounce back 🤑
 
Lol oracle's stock just had the biggest meltdown of the year 🤦‍♂️ guess that's what happens when you can't meet expectations 😅 and poor Larry Ellison takes a huge hit 💸 still, he's one of the richest guys in the world - no need to worry about where his next yacht payment is coming from 💷
 
omg what's going on with oracle's stock 🤯?! i mean i know they didn't do so great on their earnings report but 13.1% is crazy 😱. larry ellison's net worth took a huge hit too, dropping him to third place on forbes' billionaire rankings 💸. it's like he's back down to earth or something 🌎. i feel bad for the guy, all that money and now it's slipping away... but at least his cloud sales are doing okay 📈. still, you'd think a big company like oracle would do better than that 🤔. what do you guys think is going on? 😕
 
🤔 what's up with Larry Ellison's net worth tho? $245.2 billion is crazy but considering his stock just went down by 13.1% I gotta wonder if he's still feeling good about his business. Like, how much of a hit did Oracle take for their earnings report to drop him from third place? 📉 and what's the deal with cloud sales being a thing they can't mess up? Is it really that easy to just keep crushing it in that department? 🤷‍♂️
 
OMG 🤯 this is crazy! 31 billion down the drain just because Oracle missed some sales expectations? I get it, markets are unpredictable and all that but still 🤑 Larry Ellison's bank account should be able to handle a little volatility! Also, $245.2 billion isn't chump change 💸
 
man this is like a reminder that even with all the success we think we've got, things can still go sideways super fast ... oracle's earnings report was way off and now larry ellison's lost a bunch of his wealth it's like one day you're up, next day you're down. guess what? it's not about being rich or poor, it's about how we bounce back from the low points in life 🤕
 
Oracle's woes just got even more interesting 🤔. It's crazy how one bad quarter can send Larry Ellison's net worth tanking by $31 billion 💸! I mean, we knew Oracle was struggling in the cloud game, but 34% growth is still a pretty big deal 👍. Meanwhile, Elon Musk's stock just keeps on rising like the phoenix from the ashes 🔥. It's like he's got some kind of magic trick going on 🎩. But seriously, this just goes to show how volatile the tech world can be 📈. You've gotta stay on your toes when it comes to those billionaire rankings 😅.
 
Oracle's quarterly earnings report was a major letdown, folks 🤔. I mean, you'd think that with Larry Ellison at the helm, Oracle would be a force to be reckoned with in the cloud game. But alas, their revenue missed the mark, and it's not like they exactly crushed it in software sales either 😐. On the other hand, I'm still kinda impressed by how well they're doing in terms of cloud sales - 34% growth is no joke! 💸

I think what really took a hit for Ellison was that he was expecting some serious growth from Oracle's earnings report and wasn't quite getting it 📉. Now, his net worth has taken a bit of a hit, but considering the size of the pool, it's not like he's swimming in red ink or anything 💦. Still, as one of the richest dudes on the planet, you've got to wonder what's going through that head of his 🤷‍♂️. Maybe a reality check? 😊
 
Oracle just got roasted 😅. Their quarterly earnings were way off, but their cloud sales are still fire 💻. Not sure what's going on with software revenue tho 🤔. Larry Ellison's down, but he's still one of the richest dudes out there 💸. You can't stay rich by being mediocre, right? 💯
 
Dude I'm loving how Oracle's stock is still holding up despite the recent downturn 🤔📉 The cloud sales are actually pretty impressive, 34% growth? That's insane! 💸 Of course, missing on software revenue is a bummer, but I guess you can't win 'em all 😂. Larry Ellison might be dropping in the billionaire rankings, but he's still one of the richest dudes out there 🤑. I mean, $245 billion isn't chump change 💸. And let's be real, Oracle's been around for ages, they're not going anywhere anytime soon ⚔️. Plus, who knows what they've got cooking in the pipeline? Maybe they'll turn it around and take Ellison back to the top 📈
 
I mean, what's up with Oracle's quarterly earnings report? 🤔 It's like they dropped the ball on software revenue and still managed to beat expectations on cloud sales. Not a bad move, but not enough to make up for the miss elsewhere 😐. I guess you could say Larry Ellison is feeling the pinch now that his stock has taken a massive hit 💸. He's one of the richest guys in the world, but even he can't escape a $31 billion loss from his net worth 🤯. Anyway, I'm just saying, it's all about those numbers game 💰.
 
Oracle is still killing it with cloud sales 😎, but their revenue game is kinda lacking. I mean, $16 billion is still a big number, but it's not what the analysts were expecting. It's like when you're crushing it in a game and then your internet connection drops – you're still good, but you're not at your best. 💻 Anyway, Larry Ellison might be down from first place, but he's still way richer than most of us 🤑. I'm kinda curious to see what Oracle does next, maybe they'll make some changes to get their revenue back on track. 🤔
 
Oracle's stock is just like my love life – all hype and promise, but when it comes down to it, it's just a bunch of disappointment 😒. 13.1% hit? That's like saying I'm not getting any younger 🤣. And Larry Ellison, the king of cloud sales, can't even get that right. Guess you could say he's having an identity crisis – from tech mogul to "I'll-be-okay-when-the-cloud-sales-are-okay" 😂. At least his net worth is still out of this world 🚀, but I guess that's what happens when you're the Oracle of Silicon Valley... or should I say, just a guy with a lot of stock 💸?
 
omg i'm dying over here 🤯 oracle's stock is like, totally tanking rn 🚨 and larry ellison is taking it hard 💸 he lost 31 billion in like, one day 🤯 that's crazy talk! i guess his earnings report just didn't meet expectations 📊 and now he's slumped to third place on the rich list 📈 still tho, dude's net worth is still insane $245.2 billion is no joke 💸 i mean, who needs a fancy layout when you've got that kind of cash money 💸
 
Oracle's stock drama is like a real-life soap opera 🤯 - one day it's up, the next day it's down! I mean, $31 billion gone in an instant? That's crazy talk! 😲 It's no wonder Larry Ellison's losing his billionaire edge, but $245.2 billion still puts him in the running for one of the richest guys in the world 🤑. What's wild is that cloud sales are doing just fine, beating estimates by 34%! You'd think that'd be a silver lining, but I guess it's not enough to save Ellison from his own stock woes 😔.
 
🤔 oracle's downfall is kinda like that one friend who always had the inside scoop, but then stopped being so clued up all of a sudden... 🤑 larry ellison's fortune just takes a massive hit after missing earnings targets, and now he's dropped to third place on the billionaire rankings. you'd think cloud sales would be enough to save him, but i guess not this time 📉 anyway, it's always good for the rest of us to see these tech giants having a bad day 😂
 
aww poor Larry Ellison 🤕 he's still so rich tho 💸 31 billion is a lot of money, but like $245.2 billion is still insane!!! 😲 and 34% increase in cloud sales is actually pretty cool! 📈 maybe oracle can bounce back from this slide? 🤞
 
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