Nvidia CEO Huang temporarily surpassed Buffett on Forbes' billionaires list

Updated: Jensen Huang overtook Warren Buffett during trading, but by the close of the exchanges, the Berkshire chief had regained the advantage. At the end of trading, Forbes shows Buffett's fortune was valued at $143.3 billion and Huang's at $142.9 billion, putting them seventh and eighth in the rankings respectively.

Nvidia CEO Jensen Huang rose above legendary investor Warren Buffett on Forbes' billionaires list during trading on July 10. As a result, Huang was ranked seventh on the list. Huang's fortune was boosted by a rally in Nvidia stock, which a day earlier became the first company in history to surpass $4 trillion in market capitalization.

Nvidia CEO Jensen Huang's fortune at the time this text was published was estimated at $142.7 billion, while Berkshire Hathaway CEO Warren Buffett had $142.5 billion, according to the Forbes Real-Time rankings, which are updated in real time based on quotes.

Huang moved up to seventh place, displacing Buffett, thanks to an increase in his fortune by $818 million during the day. In contrast, Buffett's capital decreased by $1.2 billion. Huang is now $4.2 billion behind sixth-place Google co-founder Larry Page.

In Bloomberg's billionaires ranking, Buffett was still $2 billion ahead of Huang: $144 billion vs. $142 billion. They ranked No. 9 and No. 10, respectively. The Bloomberg rankings are updated once a day - at the close of trading in New York.

The first place in the Forbes list is occupied by Tesla CEO Ilon Musk: his fortune is estimated at $402.1 billion. On July 10, it grew by $7.9 billion during trading thanks to the price increase of Tesla shares, which at one point reached almost 5%.

Jensen Huang owns about 3.5% of Nvidia, making him the company's largest individual shareholder, wrote Fortune. Nvidia shares have appreciated 22% since the start of 2025. In trading on July 10, they were up nearly 1% at the moment.

A day earlier, on July 9, Nvidia became the first company in history to surpass $4 trillion in market capitalization during trading. But the global market leader in artificial intelligence processors didn't hold onto that achievement until the stock market closed. In trading on July 10, the company's market value rose above that mark again. Nvidia remains the most expensive public company in the world.

Nvidia is popular with investors thanks to the artificial intelligence boom. Nvidia accounts for a record 7.3% of the S&P 500 index - more than any other company. By comparison, Apple has about 7% and Microsoft about 6%.

Analysts believe that Nvidia's growth is far from over. "The demand for Nvidia chips is certainly tremendous," said Brian Mulberry, portfolio manager at Zacks Investment Management. The next potential catalyst for Nvidia stock will be the corporate reporting season, noted Ken Mahoney, president of Mahoney Asset Management. "We'll see if the company manages to beat expectations and raise guidance - as it does regularly," he said in a statement to Bloomberg.

However, Mahoney warned of the risks, "When growth stocks lose momentum, especially those so influential in the indices, it becomes a source of serious risk and volatility," he said.

This article was AI-translated and verified by a human editor