Jen-Hsun Huang's net worth dropped by a reported $20,800,000,000 after DeepSeek fears shook the AI market to its core earlier this week

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks while holding the company's new GeForce RTX 50 series graphics cards and a Thor Blackwell robotics processor during the 2025 CES event in Las Vegas, Nevada, US, on Monday, Jan. 6, 2025. Huang announced a raft of new chips, software and services, aiming to stay at the forefront of artificial intelligence computing. Photographer: Bridget Bennett/Bloomberg via Getty Images.

China-based AI startup DeepSeek caused the tech market to wobble earlier this week, as the release of its open-source R1 model led to mass sell-offs in tech shares. It seems Nvidia CEO Jen-Hsun Huang may have taken a personal hit from the fallout, equating to a $20.8 billion loss to his net worth.

Nvidia was the worst hit by the market tumble, losing 17% of its stock value, equivalent to $600 million of its overall valuation. Forbes reports that Huang's personal fortune dropped with it, sliding from $124.4 billion to $103.7 billion and dropping him from the 10th spot on its real-time billionaires list to 17th.