Figure of the day: $7.4 billion — that’s how much Jensen Huang lost in half an hour of trading

The fortune of Nvidia (NVDA) founder and CEO fell to $154.7 billion in the first 30 minutes of trading on November 9, Forbes reported. Jensen Huang dropped from eighth to tenth place in the ranking of the world’s richest people, behind Warren Buffett and Larry Ellison.

The decline in the value of his assets came amid a drop in shares of Nvidia, a developer of graphics processors and computing solutions for artificial intelligence. The company announced an independent investigation into reports of a possible attempt by a foreign intelligence service to gain access to information through Huang’s relationship with an executive at another company. The board of directors said, however, that it has no grounds to believe that national security or corporate secrets were compromised.

The stated amount reflects a change in the market valuation of his wealth, not a realized cash loss. In a later Forbes rankings update, Huang’s fortune was estimated at $155.4 billion, and the day’s decline at $6.8 billion.

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