NEW YORK: The world’s 500 richest people, led by Nvidia Corp co-founder Jensen Huang, lost a combined US$108bil as a tech-led sell-off tied to Chinese artificial intelligence (AI) developer DeepSeek sent major indices plunging.
Billionaires whose fortunes are linked to AI were the biggest losers. Huang saw his fortune fall US$20.1bil, a 20% drop, while Oracle Corp co-founder Larry Ellison’s US$22.6bil loss was larger in absolute terms, but represented just 12% of his fortune, according to the Bloomberg Billionaires Index.
