Warren Buffett becomes world’s seventh-richest as Jensen Huang drops out of top 10
Investor Warren Buffett has climbed to the seventh place on Forbes’ global billionaire list as chip tycoon Jensen Huang dropped out of the top 10 following his admittance of an extramarital affair.
Warren Buffett, the chairman emeritus of Berkshire Hathaway, experienced the third-largest wealth gain globally, adding $4.2 billion to his fortune, making him the seventh-richest person in the world. His assets now total $165.7 billion, with Berkshire Hathaway's Class A shares rising 13% in a month due to investors seeking alternatives to tech stocks. Buffett owns approximately 13.2% of the company's equity.
However, Nvidia CEO Jensen Huang dropped out of the top 10, dropping to the 12th place with a wealth of $147 billion. His fortune suffered a $8.3 billion loss on Wednesday as Nvidia stock dropped by 5.47%. This decline occurred following Huang's disclosure of infidelity to his wife and accepting full responsibility for his actions in an email to staff. A secret U.S. report, reported by the New York Times, suggested that Huang's alleged mistress, Alice Huang (no relation), was a Chinese spy.
Despite these events, Elon Musk emerged as the world's biggest wealth gainer on Wednesday, increasing his net worth by $5.9 billion. Following Musk, Japan's second-richest man Masayoshi Son saw a $5.1-billion gain in his wealth.
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