{
  "id": 18391558,
  "title": "Jensen Huang drops from world’s top 10 richest after Nvidia chips selloff",
  "url": "https://urgent.news/2026/11/05/jensen-huang-drops-from-worlds-top-10-richest-after-nvidia-chips",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-05T22:50:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/jensen-huang-drops-from-worlds-top-10-richest-after-nvidia-chips-selloff"
  },
  "original_language": "en",
  "account": "On November 5, Nvidia CEO Jensen Huang experienced a significant financial setback as his net worth declined by US$15.1 billion to US$150.9 billion following a decline in stock prices. This drop moved him from the ninth to the 13th position on the Bloomberg Billionaires Index. Elon Musk of SpaceX and Oracle co-founder Larry Ellison also saw their wealth decrease by US$79.7 billion and US$10.1 billion, respectively, to 13th and 19th respectively on the index. The decline was attributed to expectations that a Democrat-controlled House and Senate would aim to regulate the construction of data centers, which are crucial for AI infrastructure. The semiconductor makers and computing power suppliers experienced a drop in share prices, with Nvidia plummeting 9.3%, SpaceX falling 9%, and Oracle declining by 6.9%. Huang's substantial exposure to the data center buildout for AI demands amplified his financial impact. Collectively, the 500 individuals on the wealth index suffered a loss of US$185 billion, marking the 14th-largest one-day drop since Bloomberg initiated its ranking in 2012. This downturn occurred amidst tech billionaires being on track for their best year ever, contributing to 36% of the index's total wealth.",
  "summary": "The Nvidia CEO’s net worth fell by US$15.1b to US$150.9b as stocks tumbled following Democrats’ sweeping wins in the midterm elections.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Nvidia chips pile up in Hong Kong as China withholds import approval",
        "url": "https://urgent.news/2026/11/05/nvidia-chips-pile-up-in-hong-kong-as-china-withholds-import-approval",
        "published": "2026-11-05T11:49:01.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "Sources: about 600,000 of Nvidia's H200 chips are stored in Hong Kong awaiting shipment to mainland China, as Beijing withholds approval for large-scale imports (Reuters)",
        "url": "https://urgent.news/2026/11/05/sources-about-600-000-of-nvidias-h200-chips-are-stored-in-hong-kong",
        "published": "2026-11-05T19:20:02.000Z"
      },
      {
        "outlet": "Colombia One",
        "title": "600,000 Nvidia Chips Pile Up in Hong Kong Awaiting China’s Import Approval",
        "url": "https://urgent.news/2026/11/05/600-000-nvidia-chips-pile-up-in-hong-kong-awaiting-chinas-import",
        "published": "2026-11-05T21:30:00.000Z"
      },
      {
        "outlet": "Semafor",
        "title": "Nvidia chips stuck in Hong Kong over China approval",
        "url": "https://urgent.news/2026/11/05/nvidia-chips-stuck-in-hong-kong-over-china-approval",
        "published": "2026-11-05T22:34:10.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "DayOne secures $237m bank loan for Hong Kong data center",
        "url": "https://urgent.news/2026/11/06/dayone-secures-237m-bank-loan-for-hong-kong-data-center",
        "published": "2026-11-06T00:40:53.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}