After 26 years: Larry Ellison may sell a huge chunk of his Oracle shares - worth $7.5 billion

Oracle founder Larry Ellison has joined a plan that will allow him to sell up to 50 million of his shares in the company, worth $7.5 billion. The plan was adopted on June 22 and is expected to end on October 24. This is an unusual move for Ellison, who has never sold more than 25,000 shares at once since the beginning of the century. Even after the sale, he will still hold 1.1 billion shares.

Oracle founder Larry Ellison has joined an unusual plan that will allow him to sell up to 50 million of his shares in the software company, worth $7.5 billion at the current market price ($150 per share), according to CNBC. The plan was adopted on June 22 and is expected to end on October 24, according to a regulatory filing published on Friday. This is an extraordinary move for Ellison, who holds more than 40% of Oracle, which he founded in 1977. Even if he sells all his holdings under the plan, he will still hold 1.1 billion shares. CNBC notes that since the beginning of the 21st century, Ellison has never sold more than 25,000 Oracle shares at once. Ellison, 82, helped turn Oracle into a major player in AI infrastructure. The company released quarterly results two days ago that beat expectations, with a 121% jump in cloud infrastructure revenue. However, due to high debts from AI investments, Oracle's stock has lost about 20% since the start of 2026, and the company has laid off 21,000 employees this year. Ellison, ranked seventh on the list of the world's richest people with a fortune of about $190 billion, helped finance the merger of his son David Ellison's production company, Skydance, with Paramount in 2025.