Nvidia shares fall 6.3%, cutting Jensen Huang’s wealth by $10 billion
In short
Nvidia shares fell 6.3%, and Jensen Huang’s wealth is set to drop by another $10 billion to $145.6 billion from $154 billion at the previous close. Forbes says he has slipped to 12th on its rich list.
It also shows how strongly Nvidia’s share price is affecting his net worth.
What the reporting says
Nvidia shares fell 6.3%, and Jensen Huang’s net worth is on track to drop by another $10 billion to $145.6 billion from $154 billion at the previous close, according to Forbes. The latest sell-off pushed him down to 12th on the Forbes rich list. The move reflects a sharp hit to Nvidia-linked wealth.
Why it matters
Nvidia’s latest share sell-off has driven a 6.3% drop and is expected to wipe another $10 billion from Jensen Huang’s wealth, taking it to $145.6 billion from $154 billion at the previous close, according to Forbes. He has slipped to 12th on the Forbes rich list. The impact is concentrated in Nvidia stock and Huang’s paper wealth.