American billionaire Jensen Huang and six Nvidia insiders lose $68 billion since October peak

Nvidia’s seven billionaires and former billionaires have lost about $68 billion in combined wealth since the chipmaker’s October peak, as American billionaire Jensen Huang’s exit as CEO deepened a 31% slide in the stock, Forbes estimates.

Huang accounts for $62 billion of the loss. The Nvidia cofounder is now worth about $145 billion, according to Forbes net worth figures as of Nov. 12, with a $142 billion stake in the company that equals 3.5% of its shares. The other six executives and directors lost a combined $5.6 billion and now hold about $21 billion together.

Among them, venture investor Mark Stevens fell to $9.7 billion after losing $2 billion, while fellow director Tench Coxe slipped to $7 billion after a $2.2 billion drop. Harvey Jones, who was named Nvidia’s first board chair on Nov. 12, is worth $1.7 billion after losing $500 million.

Three others have dropped off the billionaire list altogether. Colette Kress, the chief financial officer who is now interim CEO, director Brooke Seawell and former executive Jay Puri each lost $300 million and are worth about $900 million. Their holdings in Nvidia are worth between $600 million and $700 million each.

The slide began after Nvidia’s market value hit an all-time high of $5.8 trillion on Oct. 6. Billionaires.Africa reported that Huang resigned after a board investigation, and shares are down 11% since Sunday and 31% from the October peak through Thursday’s close, Forbes said.

Meanwhile, Huang’s own ranking has taken a hit. Billionaires.Africa also reported that he had fallen to 13th richest in the world after a $6.4 billion loss.

Some insiders cashed out before the drop. Stevens sold $1.4 billion of Nvidia stock before tax in 2026 at an average price of $219 a share, which Forbes calculated was about 32% above Thursday’s closing price. His remaining stake is worth $4.6 billion.

Forbes also noted that Huang transferred Nvidia stock worth $6.6 billion to undisclosed recipients in December, possibly his children, who work at the company. Forbes still counts that stock in his net worth, and Nvidia did not respond to its questions about the transfer.

The figures show how concentrated the wealth around Nvidia is. A single stock now drives most of the fortunes at the top of the company, so a leadership shock moves every holder at once.

As a result, the fall in Nvidia’s shares has cost its inner circle far more than any one executive’s departure, and the stock’s next moves will decide how much of that $68 billion comes back.

The body is 420 words.

If you want an African link, you can add this sentence after the 13th-richest paragraph: “Billionaires.Africa also reported that Huang’s exit comes as Cassava Technologies, described as Nvidia’s main partner in Africa, rolls out a $720 million AI plan.” I wrote that from the teaser only, so check it against the full BA article first.