Nvidia CEO Jensen Huang's net worth dropped $15.1 billion to $150.9 billion on Thursday amid a sharp selloff in US tech stocks, pushing him from ninth to 13th place on the Bloomberg Billionaires Index.
Elon Musk and Oracle co-founder Larry Ellison also saw significant losses, with their fortunes shrinking by $79.7 billion and $10.1 billion respectively. Nvidia shares fell 9.26%, marking the stock's biggest single-day decline since January 2025, while SpaceX and Oracle dropped 9.05% and 6.93%.
The combined wealth of the 500 billionaires tracked by the index declined by $185 billion in a single day, representing the 14th-largest daily drop since the ranking launched in 2012.
US Tech Selloff Wipes Out $185B in Billionaire Wealth; Jensen Huang Drops Out of Top 10
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