Larry Ellison Drops Out of the World's Top 10 Richest People
Published
Oracle co-founder Larry Ellison is no longer among the ten richest people in the world. The news was reported by Forbes Bulgaria.
The reason is a drop in the company's share price. Oracle's shares fell by 7%. Ellison's wealth depends mainly on the shares he owns, so the value of his fortune decreased.
Oracle is one of the best-known companies in the world in the field of software and database systems. Larry Ellison founded it in 1977 together with other partners. The ranking of the richest people changes often, because share prices change every day.
Rankings of the richest people in the world are published regularly and show how market changes affect people's wealth. It is not yet known whether Ellison will return to the top 10.
Sources: Forbes Bulgaria
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