The fortune of the head of Nvidia, Jensen Huang, decreased by 15.1 billion dollars and amounted to 150.9 billion dollars. Against the background of the sale of shares of American technology companies, he dropped to 13th place in the world billionaires ranking. The blow to the capitalization of the industry directly affected the value of the shares of the largest shareholders.
The losses didn't just affect Nvidia. The cumulative decrease in the wealth of the 500 richest people in the world since the election is estimated at 185 billion dollars. Elon Musk lost 79.7 billion, Oracle founder Larry Ellison - 10.1 billion. The scope of sales far exceeds the limits of one company or one manager.
The Financial Times estimates that the total loss of market value on Wall Street exceeded $3 trillion. Investors are concerned about possible tightening of regulation on the artificial intelligence industry. The decline in the billionaire's fortune thus reflects a broader reassessment of the technology sector's value amid political risks.