Jensen Huang To Larry Ellison: 10 Billionaires Who Lost Massive Wealth In 1 Day Because Of DeepSeek Selloffs

Billionaires List: The sharp selloff in AI stocks due to DeepSeek saga, led to massive wealth erosion for some of the top billionaires in the world. Owing to US tech stocks crash, billionaires like Nvidia's Jensen Huang and Oracle's Larry Ellison lost more than $20 billion wealth in a single-day. Popularity of DeepSeek resulted in a frenzy selling in US tech stocks, which further dragged net worth of word's top billionaires.

Check Out 10 Billionaires Who Lost Massive Money Due To DeepSeek Selloffs. The data is from Bloomberg Billionaires Index which is updated every day:

1. Larry Ellison: The founder and largest shareholder of Oracle, lost about $22.6 billion in wealth in the last 24 hours, which was the biggest single-day loss in the Bloomberg Billionaires List. His net worth dipped by 11.8% in a day, taking his total net worth to $186 billion. This is due to a sharp 14% decline in Oracle stock.

2. Jensen Huang: The Nvidia president and CEO, Huang also faced a similar outcome. His net worth nosedived by nearly 17.4% or $20.1 billion in a single day, taking his overall wealth to $101 billion. Nvidia saw the biggest single-day selling in the US market's history, with the share price down by 17% and a market-cap rout of $600 billion.

3. Michael Dell: The founder, chairman and CEO of Dell, recorded up to $13 billion loss in his wealth, taking his overall net worth to $114 billion. Dell Technologies' stock price had plunged by 9%.

4. Elon Musk: Tesla CEO and SpaceX founder, Musk who is also the richest man in the world currently, recorded a decline of $6.74 billion in his net worth to $428 billion. His Tesla company's share price was down by 2.3%.

5. Larry Page: The 51-year-old is the co-founder of GOOGLE, the largest search engine. Page's net worth declined by $6.39 billion to $171 billion in the last 24 hours. Google's parent stock, Alphabet tumbled by over 4%.

6. Sergey Brin: Along with Page, Brin is the other co-founder of Google. In the last 24 hours, due to sharp selloffs in Alphabet stock, Brin's wealth dropped by $5.96 billion to $161 billion.

7. Steve Ballmer: The CEO of Microsoft also witnessed a selloff of $4.01 billion, which took his net worth down to $19.7 billion. Microsoft stock was lower by 2%.

8. Shiv Nadar: The founder of Indian-based tech giant, HCL Tech also posted a decline in net worth by $1.60 billion to $38.8 billion.

9. Eric Schmidt: The CEO of Google also faced the wrath of bears as his net worth declined by $1.21 billion in the last 24 hours, taking his net worth to $36.9 billion.

10. Sam Altman: The Open AI CEO Sam Altman also posted a decline in his net worth by $2 million to $1.1 billion, as per Forbes data.

47th US President Donald Trump said that the DeepSeek app is a very positive development for the overall AI sector because instead of spending billions and billions on an application, DeepSeek showcases an example of how to spend less and create powerful solutions. Trump hopes for similar solutions from the US industry.

Investors lost faith in Nvidia on Monday due to the gaining popularity of Chinese AI startup DeepSeek, which reportedly is seen as a formidable competitor to the American giant.

Despite the latest downfall in share price, Nvidia commented saying DeepSeek's R1 model is an "excellent AI advancement". A Nvidia spokesperson reportedly said that DeepSeek is a perfect example of Test Time Scaling.

Nvidia's stock crash further pushed the downside in US tech stocks on January 27 which dragged the US market.