TREE NEWS reports: Nvidia CEO Jensen Huang’s net worth fell $15.1 billion to $150.9 billion on Thursday, dropping him from ninth to 13th on the Bloomberg Billionaires Index as US tech stocks sold off. Nvidia shares fell 9.26%, their biggest drop since January 2025. Elon Musk and Oracle co-founder Larry Ellison lost $79.7 billion and $10.1 billion respectively, and the index’s 500 members shed a combined $185 billion in a single day.
Nvidia CEO Jensen Huang Drops Out of World’s 10 Richest After $15.1B Loss
AI take
Huang's slide is a reminder that AI-linked wealth is unusually concentrated in a single equity, so a one-day drawdown in Nvidia can reorder the top of the rich list faster than almost any other business. The broader $185 billion hit across the index's 500 members shows this was a sector-wide de-rating rather than an Nvidia-specific story, with Musk and Ellison absorbing larger absolute losses. The open question is whether this tech selloff proves a one-day repricing or the start of a more sustained rotation away from AI names.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
3h ago
Estonia to close all border crossings with Russia from Dec 1
3h ago
US Treasury Secretary Bessent: We are squeezing Iran’s economy, and it’s working
3h ago
Bessent: Trump and I Believe Fed Chair Warsh Will Fulfill Dual Mandate
3h ago
Bessent: US inflation expected to fall sharply next month
3h ago
Bessent: Nvidia should look outside for new CEO
4h ago
US Transportation Secretary Duffy Expects Full Flight Operations Tomorrow