Jensen Huang's net worth tumbles after Nvidia stock slide
AP Photo/Nic Coury
- Jensen Huang's net worth is down almost a fifth this year to $91.8 billion.
- Nvidia stock fell sharply on Wednesday and is now down almost 25% this year.
- Warren Buffett and Amancio Ortega are the only centi-billionaires to post wealth gains this year.
Jensen Huang's net worth is down by almost a fifth this year after Nivida stock's slide on Wednesday.
The CEO is $22.6 billion less well off and worth $91.8 billion, per the Bloomberg Billionaires Index, putting him in 16th place. Most of his wealth comes from his stake in Nvidia, whose shares have fallen almost 25% since January.
Huang and Michael Dell have fallen by a combined $49 billion this year following Nvidia's stock slide and a broader tech sell-off on Wednesday.
The two CEOs both fell out of the exclusive $100 billion club earlier this month after a painful first quarter for the stock market.
At the start of the year, there were 16 centi-billionaires, but there are now only 14, according to the Bloomberg rich list, as a sharp sell-off in equities wiped billions from their fortunes in the worst quarter for the market since 2022.
President Donald Trump's aggressive tariff policies have led to a more volatile market and dampened investor confidence.
Jensen Huang
Once one of the biggest beneficiaries of the AI stock boom, Nvidia has faced a series of obstacles this year that have hit its stock price.
A mix of AI market saturation fears, tighter regulations, and a disappointing IPO from AI cloud startup CoreWeave have weighed on investor sentiment.
The stock closed almost 7% lower on Wednesday amid tariff pressure from President Donald Trump.
Huang remains much richer than he was two years ago, when his net worth was about $25 billion — although he's still well off his $130 billion peak from last November.
Michael Dell
Dell
Dell, the tech entrepreneur who has turned the company he founded into a global powerhouse, is also less wealthy now than a few months ago.
The Bloomberg rich list shows he's lost a big slice of his fortune this year with a $26.3 billion decline. He's now worth $97.3 billion and in 15th place.
Despite reporting strong earnings in February, Dell Technologies' stock has fallen more than 28% this year amid concern about slower-than-expected AI infrastructure spending and tariff uncertainty.
Not quite so rich
Other members of the $100 billion club have taken heavy hits, with Elon Musk down $129 billion to $304 billion, Larry Ellison down almost $41 billion to $151 billion, and Jeff Bezos down $42 billion to $197 billion.
Only two centi-billionaires have grown their wealth this year.
Warren Buffett has added $19.3 billion to his fortune following a surge in Berkshire Hathaway stock, putting him fourth on Bloomberg's list at $161 billion.
That's one spot and $3 billion ahead of Bill Gates, his friend and Microsoft cofounder, whose net worth is down $776 million this year. Gates' Microsoft stake is only valued at $24.3 billion, meaning the bulk of his wealth is held in other investments.
Amancio Ortega, the founder of Zara owner Inditex, had fallen out of the exclusive club but his net worth has since recovered. He's worth $106 billion at Wednesday's close, up $4.5 billion this year, putting him in 14th place on the rich list.