Oracle co-founder Larry Ellison saw his net worth drop by $14 billion on Diwali Monday after the company’s shares fell nearly 5 per cent, according to Forbes. The loss amounts to roughly Rs 12.34 lakh crores. Despite the decline, the 81-year-old remains one of the world’s highest-earning billionaires this year.

Ellison’s wealth has surged $144 billion over the past year, a 75 per cent increase, the Bloomberg Billionaires Index reports. He is currently the world’s second-richest person, with an estimated net worth of around $336 billion, as per Forbes.

Who Is Larry Ellison?

Larry Ellison is Oracle’s cofounder, chairman, and CTO, owning about 40 per cent of the company. He stepped down as CEO in 2014 after 37 years.

Born in 1944 in the Bronx, Ellison was adopted and raised in Chicago. He

See Full Page