Oracle's stock price plummets, Ellison drops to third place on the billionaire list, Page rises to second

Jinse Finance reported that Oracle founder Larry Ellison recently experienced a significant decline in wealth, with a cumulative evaporation of $130 billions during several consecutive weeks of stock price plunges, causing his ranking on the Bloomberg Billionaires Index to drop from second to third in the world. Meanwhile, the co-founder of a certain exchange, Larry Page, rose to second place globally for the first time with assets of $256.9 billions, second only to Elon Musk. This reversal is particularly dramatic. Just two months ago, Oracle's stock price soared 36% in a single day in September, and with optimistic expectations for surging demand for AI cloud infrastructure, Ellison's assets increased by $89 billions in a single day, briefly making him the world's richest person, surpassing Musk. However, the good times did not last long. Oracle's stock price subsequently fell 39% from its historical high, declining for six consecutive weeks, with the latest closing price at $198.76. In stark contrast is the performance of a certain exchange. Thanks to the positive market reception of the new model Gemini 3, the exchange's stock price has risen 58% so far this year, and increased another 3.5% in the latest trading day. Multiple institutions have pointed out that Gemini 3's reasoning ability and generative performance have significantly improved, and it is expected to further narrow the gap between the exchange and its main competitors in large model performance. Larry Page holds about 6% of the exchange's shares, and his assets have increased by $88.6 billions in 2025. Co-founder Sergey Brin has also reaped substantial gains this year, ranking fifth in the world with $239.9 billions. Musk continues to firmly hold the position of the world's richest person with $421.8 billions.