Oracle’s stock fell more than 12% on Thursday on growing fears about the software giant’s massive AI spending — shaving more than $30 billion off co-founder Larry Ellison’s fortune.

The Texas-based tech company’s stock tumbled to $194 a share from around $223 a share at the start of trading — wiping out $90 billion in market capitalization.

Accordingly, Ellison’s net worth dipped on Thursday to $244 billion — sharply lower than the $276 billion he was worth a day earlier, according to Forbes.

That knocked the 81-year-old tech tycoon, who owns roughly 40% of Oracle shares, out of his No. 2 spot behind Elon Musk on the list of the world’s richest.

As of Thursday afternoon, Ellison — who is helping his son , Paramount Skydance CEO David Ellison, buy Warner Bros. Discovery — had falle

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