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Larry Ellison, the world\u2019s second-richest person, had roughly $24 billion cut from his net worth as shares of his Oracle tumbled on Friday, despite executives providing revenue growth forecasts that were applauded by Wall Street. <\/p>\n Copyright 2025 The Associated Press. All rights reserved<\/small><\/div>\n<\/div>\n<\/figure>\n<\/div>\n Shares of Oracle dropped about 7% to around $291 by Friday afternoon, pacing what would be the stock\u2019s second-largest plunge this year.<\/p>\n<\/div>\n Oracle executives, including Ellison and CEO Clay Magouyrk, among others, spoke with analysts late Thursday and forecasted revenue to grow at an average of 31% annually over the next five years, with sales expected to hit $225 billion by fiscal year 2030. <\/p>\n<\/div>\n Executives said earnings are projected to increase to $21 per share by fiscal year 2030, an average of 28% annual growth.<\/p>\n<\/div>\n The forecasts were celebrated among economists: Barclays analyst Raimo Lenschow wrote the estimates pulled ahead of Wall Street\u2019s projections, while Guggenheim\u2019s John DiFucci said growth estimates were \u201cmuch higher than some have speculated.\u201d <\/p>\n<\/div>\n A stock slide could be attributed to Oracle executives failing to provide additional details about capital expenditure plans, Jefferies analyst Brent Thill wrote Thursday, noting there was \u201cno-forward-looking commentary\u201d on expenditures and that estimates would need to \u201cramp\u201d in line with Oracle\u2019s cloud infrastructure revenue growth. <\/p>\n<\/div>\n<\/div>\n Ellison, who holds about 41% equity in Oracle, remains<\/a> the second-wealthiest person in the world with a fortune estimated at $350.6 billion. The stock decline dropped about $24.1 billion from Ellison\u2019s net worth, representing a 6.3% decrease. He trails Elon Musk for the world\u2019s richest title, as the Tesla CEO\u2019s net worth swells toward the $500 billion threshold once again, settling at $485.9 billion as of Friday. Ellison came within the ballpark of Musk\u2019s fortune last month after Oracle shares soared the most since 1992, adding $110 billion to Ellison\u2019s net worth in a single day as the Oracle chairman became the second person to ever eclipse $400 billion. <\/p>\n Despite pointing to a lack of answers on Oracle\u2019s capital expenditures, Thill raised his price target for Oracle\u2019s stock to $400 from earlier estimates of $360. DiFucci and Lenschow similarly raised their price targets to $400 from $375 and $367, respectively, maintaining a bullish outlook while Stifel analyst Brad Reback held his $350 price target. <\/p>\n Oracle\u2019s stock has accelerated in recent months as the cloud computing giant has forecast significant revenue growth on AI demand. Last month, Oracle projected cloud infrastructure revenue to increase to $18 billion this fiscal year before nearly doubling to $32 billion in 2027, before hitting $73 billion, $114 billion and $144 billion over the following three years. The company also reported a 359% increase in contracted revenue that has yet to be recognized to $455 billion, after Oracle said it reached four multibillion-dollar contracts with three different customers through its latest quarter. Those estimates surprised analysts, including Deutsche Bank\u2019s Brad Zelnick, who wrote that those on a call with Oracle executives at the time were \u201call kind of in a shock in a very, very good way,\u201d as there was \u201cno better evidence of a seismic shift happening in computing.\u201d <\/p>\n Topline Larry Ellison, the world\u2019s second-richest person, had roughly $24 billion cut from his net worth as shares of his Oracle tumbled on Friday, despite executives providing revenue growth forecasts that were applauded by Wall Street. Oracle\u2019s chairman challenged Elon Musk for the world\u2019s richest title following a record-breaking rally last month. Copyright 2025 The … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-7340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.jubi24.com\/wp-content\/uploads\/2025\/10\/Larry-Ellisons-Net-Worth-Drops-24-Billion-On-Oracle-Slide.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts\/7340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7340"}],"version-history":[{"count":1,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts\/7340\/revisions"}],"predecessor-version":[{"id":7342,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts\/7340\/revisions\/7342"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/media\/7341"}],"wp:attachment":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Key Facts<\/h2>\n
Forbes Valuation<\/h2>\n
How High Could Oracle\u2019s Stock Go?<\/h2>\n
Key Background<\/h2>\n
Further Reading<\/h2>\n<\/div>\n
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