18/08/2026
HE LOST $125 BILLION IN A MONTH – HERE'S HOW IT HAPPENED
Larry Ellison just watched his fortune get sliced by a staggering $125 billion in 30 days. The Oracle founder went from being the world's second-richest person to number eight, right behind Nvidia's Jensen Huang. It all started with a massive bet on AI that's now backfiring. Oracle's stock has plummeted 47% from its June peak, and analysts are starting to question the company's $70 billion spending spree. Even S&P Global downgraded Oracle's credit rating. But here's the twist: Ellison still holds about 40% of the company, so if Oracle can turn things around, he could bounce back just as fast. But what nobody knew was...
This whole AI spending war is getting wild. Full breakdown here if you want the details: https://geni.us/https-FoxNews