Larry Ellison Loses $66 Billion as Oracle Faces AI Data Center Challenges
Larry Ellison's net worth has plummeted by $66 billion to $181 billion this year, driven by Oracle's mounting financial pressures. The company faces a potential $7 billion collateral requirement from the Public Service Commission of Wisconsin for a data center deal, which Oracle has committed to providing. Oracle's stock has fallen sharply from $240 to $126 per share since June, down 34% year-to-date, while the S&P 500 rose 9%. The company invested $55.7 billion in AI data centers in the last fiscal year and plans to raise another $70 billion, pushing its debt toward $100 billion. Analysts express concern over Oracle's ability to compete with larger rivals like Microsoft and Amazon, given its relatively modest revenue of $19.2 billion and net income of $4.3 billion in the most recent quarter. Moody's has a Baa2 rating with a negative outlook on Oracle, and the company has dropped from the top 20 most valuable companies to 37th place.
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