Woofun AI reports that Larry Ellison’s net worth decreased by $124.8 billion in just over a month due to sustained selling pressure on Oracle shares. The stock price fell from $250 per share on the 1st of last month to $133 per share on the 13th, marking a 14-month low. Consequently, Ellison’s total assets dropped to $175.2 billion, reducing his global wealth ranking from second to eighth place, now below NVIDIA CEO Jensen Huang’s $176.3 billion. Standard & Poor’s downgraded Oracle’s credit rating from BBB to BBB- on the 9th. Despite this, Oracle continues its AI infrastructure expansion, having invested $55.7 billion and announced an additional $70 billion, following a $300 billion contract with OpenAI signed last year.