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Nvidia CEO Jensen Huang and Dell CEO Michael Dell out of $100 billion club as the US stock market sees worst quarter since 2022

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Nvidia CEO Jensen Huang and Dell founder Michael Dell are out of the $100 billion club. The elite club that boasted 16 centi-billionaires at the start of 2025, now includes only 13 members. Amancio Ortega, the founder of Zara owner Inditex also lost his spot. According to a Business Insider report, Dell's net worth has fallen by $24.5 billion this year, while Jensen Huang is down $19.2 billion. The decline comes amid increased market volatility, fueled in part by US President Donald Trump's aggressive tariff policies. The new trade measures have unsettled investors, leading to a dip in tech and retail stocks, impacting the fortunes of industry leaders like Huang, and Dell.


Nvidia CEO Jensen Huang’s fortune drops by $19.2 billion

Once a major beneficiary of the AI stock surge, Jensen Huang has seen his fortune drop by $19.2 billion in 2025 as Nvidia shares have slid 18% since January. According to the Bloomberg Billionaires Index , his net worth now stands at $95.2 billion, placing him 16th on the $100 billion club list.


Concerns over AI market saturation, tighter regulations, and the underwhelming IPO of AI cloud startup CoreWeave may have dampened investor confidence, contributing to Nvidia’s decline in market value, the BI report said.


Despite the recent drop, Huang remains significantly wealthier than he was two years ago when his net worth was around $25 billion, though he is still far from his peak of $130 billion in November.


Dell CEO Michael Dell ’s fortune declines by $24.5 billion

According to the Bloomberg Billionaires Index, Dell’s fortune has dropped by $24.5 billion in the first quarter of 2025, bringing his net worth just below the $100 billion mark and placing him 14th on the list. Despite posting strong earnings in February, Dell Technologies' stock has tumbled nearly 22% this year, as concerns over slower-than-expected AI infrastructure spending weigh on investor sentiment.


Michael Dell joins Ghibli AI trend with a photo with Jensen Huang

Meanwhile, Dell shared a Ghibli-style AI photo of himself with Huang. The photo showed animated versions of Michael Dell and Jensen Huang, highlighting their collaboration on the Dell AI Factory with NVIDIA, which integrates NVIDIA's powerful GPUs into Dell's Precision workstations for advanced AI and graphics performance. The text "#1 workstations in the world" on the photo seems to refer to Dell Precision workstations, which are designed for high-performance tasks like AI, virtual reality, and big data analytics.


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