Larry Ellison briefly passed Elon Musk to become the richest person in the world for part of one day in 2025. That title was short lived and unlike Musk, who is adding to his net worth in 2026, Ellison is falling behind.

Oracle Corporation plans mass layoffs affecting thousands of employees to address a cash crunch linked to its AI data center investments. Details here.

Oracle cofounder Larry Ellison's official residence is now in Manalapan, Florida, not the Hawaii island that he famously bought in 2012.

According to Reuters, Warner Bros. agreed to be acquired by Paramount Skydance in a $110 billion deal signed Friday, with Paramount Skydance agreeing to pay a $7 billion termination fee if federal regulators don’t approve the merger.

By Forbes estimates, the elder Ellison, who is also Oracle’s largest shareholder, doesn’t have enough cash on hand to fulfill his part of Paramount’s $111 billion offer for Warner Bros. Discovery. Here’s how it could play out.

Oracle is reportedly planning significant job cuts, potentially thousands, to manage a growing cash crunch fueled by its massive AI data center expansion. This restructuring, costing over $1.6 billion,

Bloomberg reported that Oracle is about to lay off 30,000 employees for the one thing the world needs more of right now: David Ellison at the head of Paramount.