Several notable billionaires experienced massive hits to their fortunes Monday as the Chinese generative artificial intelligence startup DeepSeek upended the U.S. stock market, hitting the American AI leader Nvidia the hardest.

Larry Ellison, the Oracle (NYSE:ORCL) co-founder and one of the richest people on the planet, watched $22.6 billion disappear in a single day on January 27—and he didn't even have to lift a finger. The selloff was brutal,

The world’s 500 wealthiest individuals lost a combined $108 billion on Monday following a sell-off triggered by Chinese

Owing to US tech stocks crash, billionaires like Nvidias Jensen Huang and Oracles Larry Ellison lost more than $20 billion wealth in a single-day. Popularity of DeepSeek resulted in a frenzy selling in US tech stocks,

The recent AI advances by Chinese upstart DeepSeek could be the beginning of a potential nightmare scenario that Nvidia Corp. Chief Executive Jensen Huang has been worrying about since the chip maker’s meteoric rise.

Nvidia just made history—but not in the way they hoped. The tech giant lost a staggering $600 billion in market value in a single day, thanks to the rise of DeepSeek, a Chinese AI company disrupting the game.

Jensen Huang, the co-founder of Nvidia lost $20.1 billion, while Oracle Corp. co-founder Larry Ellison lost $22.6 billion, Dell Inc.’s Michael Dell lost $13 billion, and Binance Holdings Ltd. co-founder Changpeng “CZ” Zhao lost $12.