DeepSeek Storm: Major Wealth Losses for Billionaires in the U.S. Stock Market

The Chinese AI startup DeepSeek has caused significant turmoil in the U.S. stock market, leading to substantial losses for many prominent billionaires. One of the hardest-hit companies was Nvidia. As Nvidia’s stock plummeted by 17%, the company’s market value saw a record decline of $589 billion. This resulted in a $20.1 billion drop in the net worth of its CEO and largest individual shareholder, Jensen Huang.

List of Billionaires affected by the DeepSeek storm prepared by BloombergHT:

1. Larry Ellison
   Founder and CEO of Oracle
   Loss: $22.6 billion
2. Jensen Huang
   Founder and CEO of Nvidia
   Loss: $20.1 billion
3. Michael Dell
   Founder and CEO of Dell
   Loss: $13 billion
4. Changpeng Zhao
   Former CEO and Founder of Binance
   Loss: $12.1 billion
5. Elon Musk
   CEO of Tesla
   Loss: $6.7 billion
6. Larry Page
   Co-founder of Google
   Loss: $6.4 billion
7. Sergey Brin
   Co-founder of Google
   Loss: $6 billion
8. Andreas von Bechtolsheim
   First Investor in Google
   Loss: $5.3 billion
9. Thomas Peterffy
   Chairman of Interactive Brokers
   Loss: $4.4 billion
10. Mike Sabel
    CEO, Co-Chairman, and Founder of Venture Global LNG
    Loss: $4 billion