Nvidia’s Jensen Huang loses $10 billion in his biggest wealth wipeout
Sep 04, 2024 12:23 PM IST
Nvidia CEO Jensen Huang’s net worth dropped $10 billion to $94.9 billion after decline in chip stocks and an antitrust probe by US Justice Department.
Nvidia CEO Jensen Huang’s wealth plunged the most ever after a rout in chip stocks and a report that the US Justice Department sent the tech firm subpoenas as part of an antitrust probe. Jensen Huang’s net worth slumped about $10 billion to $94.9 billion, the biggest single-day dollar drop for him as per Bloomberg Billionaires Index.
Jensen Huang, CEO of Nvidia, co-founded the company in 1993. (AP)
The plunge followed a 9.5% drop in the shares of Nvidia which he co-founded. A spokesperson for Nvidia declined to comment. Jensen Huang is the world’s 18th richest person and his wealth has grown by $51 billion year-to-date, even after the sharp drop, as per the index.
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