Jensen Huang, the 61-year-old Taiwanese-born executive who cleaned bathrooms, saw his fortune shrink on Tuesday to $94.9 billion, according to Bloomberg.
Nvidia CEO Jensen Huang ’s net worth fell by around $10 billion on Tuesday after the AI chip leader’s stockwho cleaned bathrooms and worked as a busboy at Denny’s before co-founding Nvidia more than 30 years ago, saw his fortune shrinkto $94.9 billion,His fortune, which has soared by $51 billion just this year, declined after the largest one-day loss in Nvidia ’s history, shaving nearly $280 billion off of its market capitalization.As of Tuesday, Nvidia ’s market cap was $2.
DOJ is taking the lead in probing Nvidia as the agency divvies up Big Tech scrutiny with the Federal Trade Commission, according to Reuters.The FTC is headed by Lina Khan, whose aggressive antitrust crackdowns on big business have prompted several titans of industry such as media mogul Barry Diller and tech billionaire Reid Hoffman to demand that Vice President Kamala Harris oust her from the position if she wins the White House in 2024.
But the company’s business practices have prompted regulators in the US as well as in Europe to look into alleged monopolistic behavior.Nvidia has been subpoenaed by the Justice Department, according to a report. Jonthan Kanter, who heads DOJ’s antitrust division , is seen above. Attorney General Merrick Garland is seen left.The European Union, France and China have all sought information from Nvidia about its graphic cards.
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