Larry Ellison Loses $60 Billion, Now Considers Living in a Normal-Sized Mansion
KEY POINTS
- •Larry Ellison lost about $60 billion in 2026 after Oracle's stock fell nearly 30% due to AI data center investments.
- •Meta's Mark Zuckerberg dropped $46 billion this year as lawsuits and AI spending concerns shook its stock.
- •Jeff Bezos, Larry Page, and Sergey Brin also took major hits amidst a market rout fueled by Iran conflict and AI optimism cooling.
Oracle's founder Larry Ellison somehow watched $60 billion vanish since January, tumbling from a staggering $400 billion peak where he briefly ousted Elon Musk as the richest human to a 'mere' $188 billion by Friday's close. Investors are bailing out over his enterprise-software empire's debt-fueled AI data center binge, dragging Oracle's stock down nearly 30%. Meanwhile, Mark Zuckerberg's Meta shed $46 billion amid lawsuits and AI spending doubts, dropping 20% in stock value. Amazon's Jeff Bezos, and Google’s Larry Page and Sergey Brin lost between $29 and $32 billion each, thanks to a market souring on AI fairy tales and Iran's Strait of Hormuz drama. Even luxury lord Bernard Arnault lost $58 billion after a 29% luxury stock dive. Ask Michael Burry about the 'AI bubble'; he’s been waving that red flag since AI stocks were the hottest party invites, proving none of these billionaires have seatbelts on their ego rides.
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(1 of 3)Five tech billionaires hemorrhaged nearly $200 billion this year because apparently AI hype is like teenage skin care promises—full of breakouts and disappointments.
When your portfolio drops faster than your enthusiasm for AI meetings, you know the bubble's burst. Larry Ellison just traded yachts for a boat floatie.
Larry Ellison losing $60 billion proves that even billionaires can have "oops, wrong decimal" moments in life’s ledger.
Source: Businessinsider | Published: 3/30/2026 | Author: Theron Mohamed
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