$34 billion was wiped from Larry Ellison’s net worth days after briefly becoming the world’s richest as ‘AI bubble’ fears grow
NegativeFinancial Markets

Larry Ellison's recent rise to the title of the world's richest person was short-lived, as he has since seen a staggering $34 billion wiped from his net worth in just a week. This dramatic shift highlights the volatility in the tech sector, particularly amid growing fears surrounding the AI bubble. Such fluctuations not only affect individual fortunes but also reflect broader market sentiments, making it a crucial moment for investors and tech enthusiasts alike.
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