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Larry Ellison, World’s Second-Richest Man, Loses $14 Billion On Diwali Monday
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Ellison’s wealth has surged $144 billion over the past year, a 75 per cent increase.
Larry Ellison is Oracle’s cofounder, chairman, and CTO. (Photo Credit: X)
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 dropped out of college and worked on a database project for the CIA before founding Oracle in 1977. Oracle went public in 1986, a day before Microsoft’s IPO.
Ellison lives on Hawaii’s Lanai, which he mostly bought in 2012 for $300 million. He served on Tesla’s board from 2018 to 2022 and owns nearly 50 per cent of Paramount Skydance, formed after a $28 billion merger with his son David’s company.
In September, Ellison briefly became the richest person globally when Oracle shares soared, temporarily surpassing Tesla CEO Elon Musk. The surge followed Oracle securing major AI cloud contracts with companies including OpenAI and Meta.
Oracle shares have recently slid further, dropping about 6.3 per cent and cutting $24.1 billion from Ellison’s fortune. Musk remains the richest, with a net worth near $486 billion.
Larry Ellison’s Giving Pledge
Oracle reported $57.4 billion in revenue for the year ending May 31. Ellison is known for his lavish lifestyle, yachts, planes, real estate and the Indian Wells tennis event, and is a sailing enthusiast, financing Oracle Team USA’s America’s Cup victories. He signed the Giving Pledge in 2010, promising to donate at least 95 per cent of his wealth.
Ellison also founded the Ellison Institute of Technology with Oxford University to tackle global challenges like healthcare, climate change and AI. He also set up the Ellison Medical Foundation for ageing research. His philanthropy includes $200 million to USC for cancer research and $1 billion to the foundation. The $1.3 billion Oxford EIT campus is set to open by 2027.
A team of writers at News18.com bring you stories on what’s creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture.
A team of writers at News18.com bring you stories on what’s creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture.
Delhi, India, India
October 22, 2025, 18:00 IST
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Gold price today (March 25, 2026): How much 24K and 22K gold cost in Delhi, Mumbai & more- Check rates – The Times of India
Gold futures traded higher on the Multi Commodity Exchange (MCX) on Friday with key contracts registering gains of up to 1.6 per cent amid firm buying interest and supportive global cues.The April 2026 gold contract rose by Rs 2,290, or 1.64 per cent, to trade at Rs 1,41,783 per 10 grams. The contract moved between an intraday low of Rs 1,40,287 and a high of Rs 1,42,800. The June 2026 contract, which saw higher trading activity, gained Rs 1,921, or 1.35 per cent, to Rs 1,44,435 per 10 grams. During the session, it touched a low of Rs 1,43,652 and a high of Rs 1,45,773. Meanwhile, the August 2026 contract advanced by Rs 1,480, or 1.02 per cent, to Rs 1,47,100 per 10 grams, with an intraday range of Rs 1,47,040 to Rs 1,48,600.Here is how gold prices stand across major cities today:
Gold price in Delhi today
Gold prices in the national capital declined, with 24K gold quoted at Rs 14,486 per gram, down Rs 218, while 22K gold slipped Rs 200 to Rs 13,280 per gram.
Gold price in Mumbai today
Mumbai bullion markets also saw a drop, with 24K gold priced at Rs 14,471 per gram, down Rs 218, and 22K gold at Rs 13,265 per gram, lower by Rs 200.
Gold price in Chennai today
Chennai recorded a sharper decline, with 24K gold selling at Rs 14,651 per gram, down Rs 262, while 22K gold dropped Rs 240 to Rs 13,430 per gram.
Gold price in Kolkata today
In Kolkata, 24K gold was quoted at Rs 14,471 per gram, down Rs 218, while 22K gold stood at Rs 13,265 per gram, lower by Rs 200.
Gold price in Hyderabad today
Hyderabad markets reflected a similar trend, with 24K gold priced at Rs 14,471 per gram, down Rs 218, and 22K gold at Rs 13,265 per gram, slipping Rs 200.
Gold price in Bangalore today
In Bangalore, 24K gold was quoted at Rs 14,471 per gram, down Rs 218, while 22K gold was selling at Rs 13,265 per gram, lower by Rs 200.
Gold price in Ahmedabad today
Ahmedabad bullion markets showed declines, with 24K gold at Rs 14,476 per gram, down Rs 218, while 22K gold fell Rs 200 to Rs 13,270 per gram.
Gold price in Lucknow today
In Lucknow, 24K gold was priced at Rs 14,486 per gram, down Rs 218, while 22K gold moved lower by Rs 200 to Rs 13,280 per gram.
Gold price in Patna today
Patna markets also recorded weaker rates, with 24K gold quoted at Rs 14,476 per gram, down Rs 218, and 22K gold at Rs 13,270 per gram, lower by Rs 200.
Gold price in Jaipur today
In Jaipur, 24K gold was quoted at Rs 14,486 per gram, down Rs 218, while 22K gold stood at Rs 13,280 per gram, down Rs 200.
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Gold price today (March 25, 2026): How much 24K and 22K gold cost in Delhi, Mumbai & more- Check rates – The Times of India
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