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World's richest people lose ₹9.34 lakh crore in 1 day amid DeepSeek selloff
short by Ashley Paul / on Tuesday, 28 January, 2025
The world's 500 richest people lost a total of $108 billion (over ₹9.34 lakh crore) on Monday as tech stocks bled globally amid a selloff triggered by Chinese startup DeepSeek's free AI assistant, Bloomberg reported. Nvidia CEO Jensen Huang's fortune fell by 20%, or ₹1.73 lakh crore, followed by Oracle's Larry Ellison's wealth dipping 12%, or ₹1.95 lakh crore.
read more at Financial Express