Larry Ellison Loses $49 Billion After Software Selloff

Oracle cofounder Larry Ellison has seen about $49 billion wiped from his net worth in 2026 after Oracle shares fell, including a roughly $9 billion decline on Wednesday that left his fortune below $200 billion following a 5% drop. Investors sold software stocks after Anthropic released plugins for its Claude Cowork agent that could trim enterprise software demand, and analysts flagged Oracle's heavy AI spending, rising debt, and $523 billion in remaining performance obligations.