Warren Buffett becomes world’s seventh-richest as Jensen Huang drops out of top 10
Investor Warren Buffett has climbed to the seventh place on Forbes’ global billionaire list as chip tycoon Jensen Huang dropped out of the top 10 following his admittance of an extramarital affair.
The chairman emeritus of investment firm Berkshire Hathaway posted the third-largest wealth gain in the world on Wednesday with US$4.2 billion added to his fortune. He now manages $165.7 billion in assets.
|
Warren Buffett, CEO of Berkshire Hathaway, speaks to the press as he arrives at the 2019 annual shareholders meeting in Omaha, Nebraska, May 4, 2019. Photo by AFP |
Berkshire Hathaway’s Class A shares have risen 13% in a month, as investors looked for alternatives to tech stocks. Buffett holds around 13.2% of the company’s equity.
Nvidia CEO Huang, however, dropped out of the top 10 to the 12th place with $147 billion in wealth.
|
Nvidia CEO Jensen Huang speaks in Las Vegas, Nevada, U.S., in January 2026. Photo by Reuters |
$8.3 billion was wiped off his fortune on Wednesday as Nvidia stock dipped 5.47%. He was the world’s largest wealth loser for the second day in a row.
The market has reacted negatively to Jensen’s email to staff on Sunday, in which he admitted to being unfaithful to his wife and accepted “full responsibility” for his actions.
A secret U.S. report warned months ago that Huang’s alleged mistress, Alice Huang (no relation), was a Chinese spy, according to the New York Times.
Elon Musk was the world’s biggest wealth gainer on Wednesday with a $5.9-billion increase in net worth, followed by Japan’s second-richest man Masayoshi Son, who enjoyed a $5.1-billion gain.
<!–
window._taboola = window._taboola || [];
_taboola.push({flush: true});
–>
<!–
googTagCode.display.push(”);
–>