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The exclusive club of tycoons worth $100 billion or more just got a little bit smaller thanks to a stock market pullback.\u00a0<\/p>\n
There are now only 12 people in the 12-digit net worth clique, after three previous members fell off the list, according to the Bloomberg Billionaires Index<\/em><\/a>. Although they\u2019re still among the world\u2019s richest people, as of Sunday, tech moguls Jensen Huang<\/a> of Nvidia<\/a> and Dell<\/a> founder Michael Dell along with India\u2019s second richest person Gautam Adani fell just short of the $100 billion mark.<\/p>\n The super wealthy shift comes as September takes its yearly toll on stocks. Last week, all major indices finished the week lower, with the S&P 500 falling 4.2% for the week<\/a>. Uncertainty over the U.S. election and unemployment numbers threaten to push equities lower<\/a> into next month.\u00a0<\/p>\n Nvidia took a 14% dive last week and recorded the biggest ever single-day drop in history for an American company. With just over 3.5% ownership of the company, Huang\u2019s net worth plummeted to $90.5 billion from $105 billion, according to Bloomberg.<\/p>\n Dell\u2019s net worth fell about $10 billion to $96.3 billion last week, according to Bloomberg, as shares fell Friday amid weakness in the tech sector. On Monday, Dell\u2019s shares jumped about 3% on the news that it, along with data analytics company Palantir, would be joining the S&P 500.\u00a0<\/p>\n Finally, Adani teetered on the edge of the elite group of super wealthy magnates at $99.6 billion as of Sunday after India\u2019s Nifty 50 index of the largest Indian companies recorded a three-day losing streak. The index was up less than 1% as of Monday\u2019s close.\u00a0<\/p>\n In May, the $100 billion club ballooned to 15 members,<\/a> its highest number in history, thanks to stock market gains. Among the most recognized members are Tesla<\/a> CEO Elon Musk, Amazon<\/a> founder Jeff Bezos and Meta CEO Mark Zuckerberg.<\/p>\n Among the ranks of the uber wealthy, tech moguls like Zuckerberg and Huang stand out for the biggest gains recorded so far this year. The 40-year old Zuckerberg\u2019s net worth exploded by $50 billion so far this year, followed by Huang\u2019s personal fortune, which jumped by $46 billion as Nvidia\u2019s stock skyrocketed amid a broader AI boom<\/a>.\u00a0<\/p>\n Together, the wealth of the current 12 members of the $100 billion club is just under $1.9 trillion, which is a little more than Google\u2019s market cap.<\/p>\n<\/div>\nRecommended reading:<\/strong>
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