Nvidia's CEO has dropped out of the list of the world's 10 richest people following the market crash

Nvidia CEO Jensen Huang's net worth has fallen to $150.9 billion—he lost $15.1 billion amid the tech stock sell-off and dropped from ninth to 13th place on the Bloomberg Billionaires Index.

Among the other billionaires hardest hit are the world's richest person, SpaceX and Tesla CEO Elon Musk, and Oracle co-founder Larry Ellison: they lost $79.7 billion and $10.1 billion, respectively.

Expectations that the U.S. Congress, now under Democratic control, would seek to restrict the construction of data centers—a key component of AI infrastructure—led to a plunge in the stock prices of semiconductor manufacturers and computing power providers. Nvidia shares fell 9.3%, marking their sharpest decline since January 2025, while SpaceX shares plummeted 9% and Oracle shares dropped 6.9%. The wealth of all three billionaires—especially Huang—depends largely on the construction of data centers to meet the growing demands of artificial intelligence.

The combined net worth of the 500 individuals on the Bloomberg list fell by $185 billion on Thursday. This marks the 14th-largest single-day loss since the ranking was launched in 2012.

Prior to this, the agency notes, billionaires in the technology sector were on track for their best year ever: against the backdrop of continuous growth in AI, their combined wealth rose by a record $845 billion in the first nine months of the year, resulting in them accounting for 36% of the total wealth of all those on the list.

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