The recent decline in the stock market has led to a reduction in the number of centi-billionaires, with Michael Dell, Jensen Huang, and Amancio Ortega dropping out of the $100 billion club due to significant losses. Michael Dell saw a $24.5 billion drop in net worth, while Huang lost $19.2 billion, attributed to factors like AI market saturation fears and tighter regulations affecting Nvidia. In contrast, Warren Buffett's fortune increased by $24.3 billion, emphasizing differing outcomes in a volatile market impacted by tariff policies and investor sentiment.
The $100 billion club now has only 13 members after a tough quarter in markets led to significant losses for Jensen Huang and Michael Dell.
Warren Buffett countered the trend of loss among centi-billionaires, adding $24.3 billion to his net worth amid a challenging stock market.
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