
Ellison pledges $9.2B more Oracle stock as collateral
The move
A proxy filing disclosed Friday that Larry Ellison has pledged 67 million more Oracle shares as loan collateral than a year earlier, a 19% increase. Those shares are worth about $9.2 billion at Oracle's Friday close of $137.10, bringing his total pledged stake to roughly 36% of his approximately 1.16 billion Oracle shares.
Why it matters
The added borrowing coincides with his family's role financing Paramount Skydance's acquisition of Warner Bros. Discovery, showing how much of Ellison's fortune is tied up as loan collateral rather than cash.
The bear case
Pledging shares as collateral is common for founders and isn't a sale; Oracle stock would need to fall sharply before lenders could force a margin call.
What to watch
Whether Ellison discloses further share pledges as the Paramount-Warner Bros. Discovery financing progresses.
