Market Rout Wipes Out Billions: Jensen Huang and Other Billionaires Hit Hard

The global financial markets are in shock due to the recent DeepSeek market selloff erasing a staggering $108 billion in wealth from some of the world's richest individuals. Jensen Huang, the billionaire CEO of NVIDIA lost 20% of his net worth in stock value. Some major indices also suffered billions of dollars in loss before the Trump administration’s $500 billion AI investment plan in the US went into action.

NVIDIA and Jensen Huang’s Wealth Loss: A Closer Look

Jensen Huang, NVIDIA CEO, President, and co-founder saw a crazy drop in his personal wealth as the company’s stock faced a sharp decline. Huang’s net worth, heavily tied to NVIDIA’s performance, fell by $20.1 billion which is about a 20% decline, according to Bloomberg. Forbes estimates show that Jensen Huang’s net worth is now around $103.6 billion and he is 1the 7th richest man in the world.
Meanwhile, NVIDIA, a leading force in artificial intelligence (AI) and semiconductor technology, also suffered a massive hit. 

Due to Deepseek, NVIDIA lost nearly $600 billion in market value making an unprecedented loss in the history of Wall Street. Chinese company’s new AI model which has been proven to be better than Open AI’s Chatp GTP was built with a cost of around only $6 million which has left investors for other AI companies foaming.

A Billionaire Bloodbath: Who Else Lost Big?

The market selloff didn’t spare other titans of industry. Several of the world’s wealthiest individuals saw their fortunes dwindle in the wake of DeepSeek’s plunge. Key losses include:

• Larry Ellison: Oracle CTO Larry Ellison was hit the hardest as he lost $22.6 billion which was 12% of his wealth. 
• Michael Dell: $13 billion was shaved off by the CEO of the American tech giant, Dell.
• Changpeng “CZ” Zhao: Co-founder of Binance Holdings Ltd. was not spared either as $12.1 billion from his fortune was wiped out.

Besides that, Open AI CEO Sam Altman’s net worth is lingering around $1.1 billion.

The DeepSeek Effect: What’s Driving the Selloff?

Deepsake argues that its V3 model only took two months and $5.5 million to train which raised questions about AI companies’ demand for billions in funding. However, other than investor skepticism about tech valuations, rising interest rates, slowing global growth, and a few other factors have also been stated as the cause of DeepSeek's selloff. 
At the same time, Elon Musk is doubting DeepSeek’s claims while major indices are falling left, right, and center. S&P 500 dropped by 1.5% while Nasdaq Composite Index declined by 3.1%. Overall, there is 85% of the Bloomberg index’s total decline which amounts to $94 billion.

What’s Next?

The DeepSeek selloff has sent shockwaves through global markets as NVIDIA and its CEO struggle to gain its losses. Meanwhile, Deep Sake has been hit by a large-scale cyberattack which has significantly limited its registration. On his first day in the White House, Donald Trump signed an executive order for $500 billion in funding for artificial intelligence (AI) infrastructure in the United States which is estimated to generate 100,000 jobs.

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