Larry Ellison owns approximately 41% of Oracle shares, making him one of the most concentrated mega-cap tech founders in the world. Oracle stock dropped nearly 50%, falling from above $250 in June 2026 to below $133 by mid-July 2026, erasing more than $100 billion from Ellison’s personal net worth. The selloff reflects a crisis of confidence in Oracle’s AI infrastructure spending pace. Oracle’s stake in TikTok, acquired through a partnership with Abu Dhabi-backed investment fund MGX, exemplifies the fast, unconventional decisions driven by a founder with majority control. Analysts’ concerns now focus on corporate governance and the company’s ability to execute multiple large-scale transactions simultaneously.
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