{"id":1475,"date":"2026-07-13T20:13:29","date_gmt":"2026-07-13T20:13:29","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=1475"},"modified":"2026-07-13T20:13:29","modified_gmt":"2026-07-13T20:13:29","slug":"oracles-nearly-50-crash-since-june-1-plunges-larry-ellison-from-no-2-to-no-8-in-billionaire-ranks","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=1475","title":{"rendered":"Oracle\u2019s Nearly 50% Crash Since June 1 Plunges Larry Ellison From No. 2 To No. 8 In Billionaire Ranks"},"content":{"rendered":"
\n

big number<\/h2>\n

$494 billion. That\u2019s how much Oracle\u2019s market valuation has fallen since peaking at $877.1 billion in September, falling to about $383 billion as of Monday. The company was valued at roughly $649 billion at the end of May. <\/p>\n

Read more 1 Month Later, It\u2019s Unclear When Kennedy Center Tarps Will Come Down<\/a><\/p>\n

tangent<\/h2>\n

Musk\u2019s net worth Monday dropped below $900 billion for the first time since before SpaceX\u2019s initial public offering, as the rocket maker\u2019s shares dropped more than 5%. The latest selloff in SpaceX shares cut $45.7 billion from Musk\u2019s wealth, now valued at $871.6 billion.<\/p>\n

Read more Witness Heard Victim In Deadly Maine ICE-Involved Shooting Say \u2018I Tried To Stop,\u2019 Report Says<\/a><\/p>\n

key background<\/h2>\n

Oracle, like its competitors, has ramped up efforts to develop its cloud and AI offerings. The company\u2019s stock briefly rallied ahead of its latest earnings report in early June, when Wall Street anticipated more than $660 billion in backlog orders as a signal that Oracle\u2019s aggressive buildup strategy was successful. Ellison\u2019s firm, despite beating out quarterly revenue and earnings projections, disappointed as Vital analyst Adam Crisafulli called Oracle\u2019s sales guidance for fiscal year 2027 a \u201cdisappointment.\u201d Crisafulli pointed to Oracle reiterating prior guidance of $90 billion in total revenue for the year, arguing a similar move from Broadcom not to raise projections \u201cunderwhelmed investors too.\u201d<\/p>\n

Read more Trump, Top Republicans Want Lindsey Graham\u2019s Sister As His Replacement<\/a><\/p>\n

<\/div>\n

further reading<\/h2>\n

Forbes<\/span>Larry Ellison\u2019s Net Worth Plunges $100 Billion Amid Oracle Slide\u2014Falling Below Zuckerberg As World\u2019s Seventh Richest<\/span>By Ty Roush<\/span><\/small><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

The Oracle chairman\u2019s fortune has been cut by around $125 billion over the last month.<\/p>\n","protected":false},"author":1,"featured_media":1474,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nOracle\u2019s Nearly 50% Crash Since June 1 Plunges Larry Ellison From No. 2 To No. 8 In Billionaire Ranks - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=1475\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oracle\u2019s Nearly 50% Crash Since June 1 Plunges Larry Ellison From No. 2 To No. 8 In Billionaire Ranks - 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