Nvidia Loses $314 Billion in Market Value Over Three Days as Jensen Huang Drops Out of Top 10 Richest
As Nvidia shares fell, Forbes reported that CEO Jensen Huang lost $8.4 billion on November 10 and ranked 11th worldwide as of November 11. Nvidia’s market value fell by about $314 billion over the first three trading days of the week. A report that its board is preparing to remove Huang as CEO has not been confirmed by the company.
According to Forbes, Nvidia CEO Jensen Huang’s wealth fell by $8.4 billion on November 10, the largest decline among billionaires on its list that day. As of November 11, he ranked 11th worldwide with an estimated fortune of $151.2 billion, dropping out of the top 10. Huang founded Nvidia and holds more than 3.5% of its shares, so his estimated wealth fluctuates with its stock price.
Over the first three trading days of the week, Nvidia’s market value fell by about $314 billion to approximately $4.193 trillion at the close on November 11. The Bloomberg Billionaires Index valued Huang’s fortune at $145 billion and ranked him 13th. The two organizations use different valuation methods, shareholding assumptions and intraday update times, resulting in differences in their estimates and rankings.
On the morning of November 12, Nvidia shares fell more than 9% in after-hours trading. Citing people familiar with the matter, The Wall Street Journal reported that Nvidia’s board was preparing to remove Huang as CEO. The timing of a board meeting was also based solely on those sources’ accounts; the original report provided no confirmation from the company.
Nvidia CEO Jensen Huang speaks at the GTC conference in Berlin in October 2026. Photo: AFP.（VietVance）
Huang has recently become embroiled in a controversy over his private life and has acknowledged having an extramarital affair, but has not identified the other person. On November 9, China’s Foreign Ministry denied an allegation that a woman involved in the controversy was a Chinese spy. The related allegations and reports about the board should be distinguished from the confirmed stock price and wealth ranking figures.
Source: VietVance
