{
  "id": 18446812,
  "title": "Nvidia CEO Jensen Huang drops from world’s top 10 richest after chips sell-off",
  "url": "https://urgent.news/2026/11/06/nvidia-ceo-jensen-huang-drops-from-worlds-top-10-richest-after-chips",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-06T04:42:14.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nvidia-ceo-jensen-huang-drops-worlds-top-10-richest-after-chips-sell"
  },
  "original_language": "en",
  "account": "Nvidia CEO Jensen Huang saw his net worth drop by US$15.1 billion to US$150.9 billion following a sell-off of semiconductor stocks, according to the Bloomberg Billionaires Index. The loss pushed him down to 13th place from ninth on the index. SpaceX founder Elon Musk and Oracle co-founder Larry Ellison also experienced significant declines in wealth, losing US$79.7 billion and US$10.1 billion respectively. The decline in their wealth was attributed to the expectation that a Democrat-controlled government would impose restrictions on data center construction, which is crucial for AI infrastructure development. Nvidia's stock plummeted by 9.3%, its largest one-day drop since January 2025, while SpaceX fell 9% and Oracle dropped 6.9%. The 500 individuals on the wealth index collectively lost US$185 billion, marking the 14th-largest one-day decline since the index began in 2012.",
  "summary": "Other big losers included SpaceX’s Elon Musk and Oracle co-founder Larry Ellison",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Techmeme",
        "title": "GOP leaders of three House committees ask Jensen Huang for a closed-door briefing on his ties with Megaspeed exec Alice Huang, reported to be a Chinese asset (Kevin Breuninger/CNBC)",
        "url": "https://urgent.news/2026/11/05/gop-leaders-of-three-house-committees-ask-jensen-huang-for-a-closed",
        "published": "2026-11-05T21:40:00.000Z"
      }
    ]
  },
  "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."
}