[Oracle Stock Decline Causes Larry Ellison's Wealth to Drop by $124.8 Billion in One Month] Odaily Planet Daily reports, according to Forbes on the 14th local time, Oracle founder and chairman Larry Ellison's wealth has decreased by $124.8 billion in just over a month, approximately 186 trillion Korean won. On the 1st of last month, Oracle's stock price was $250 per share, and Larry Ellison, who owns 40% of Oracle shares, had a total net worth exceeding $300 billion, ranking as the world's second-richest person after Elon Musk. Recently, Oracle has faced continuous sell-offs, with its stock price dropping to $133 per share on the 13th, marking its lowest level in 14 months. Larry Ellison's wealth has fallen to $175.2 billion, placing him 8th on the billionaire rankings, below NVIDIA CEO Jensen Huang, whose net worth stands at $176.3 billion. Last year, Oracle signed a $300 billion contract with AI startup OpenAI and has been building data centers and related infrastructure. Oracle has already invested $55.7 billion in AI data centers and announced plans to invest an additional $70 billion. On the 9th, Standard & Poor's downgraded Oracle's credit rating from BBB to BBB-, a rating just above junk bond status. (ETNews SW).