Oracle's Larry Ellison is down an unmatched $49 billion this year after the plunge in software stocks

Source: Business Insider

Larry Ellison built his wealth by turning Oracle into a dominant enterprise software company. Phillip Faraone/Getty ImagesOracle cofounder Larry Ellison has seen an unrivaled $49 billion wiped off his net worth this year. His fortune shrank by about $9 billion to below $200 billion on Wednesday as Oracle stock slid 5%.