Nvidia CEO Jensen Huang loses $15 billion as AI-linked stock sell-off knocks him down to 13th on billionaire list
Mint · Prabhakar Jha ·
Nvidia CEO Jensen Huang lost $15.1 billion as AI-linked stocks tumbled after Democrats’ midterm victories. The sell-off dragged down major technology shares, wiping out $2.5 trillion from the US stock market on Thursday.
Nvidia chief executive Jensen Huang lost $15.1 billion in wealth on Thursday as a sharp sell-off in technology stocks followed sweeping Democratic victories in the US midterm elections, according to the Bloomberg Billionaires Index.
Huang's net worth fell to $150.9 billion, pushing him down four places to 13th on the wealth ranking from ninth previously. He was among the biggest losers on the day, alongside SpaceX founder Elon Musk and Oracle co-founder Larry Ellison.
Musk's fortune declined by $79.7 billion, while Ellison lost $10.1 billion, Bloomberg reported.