Buffett Climbs to Seventh as Huang Slips
Warren Buffett rose to seventh on Forbes' global billionaire list while Nvidia's Jensen Huang fell out of the top 10 after admitting an extramarital affair.
Updated on Nov. 11, 2026 in Public Companies
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Warren Buffett's net worth rose by $4.2 billion on Wednesday, lifting him to seventh place on Forbes' global billionaire list. Jensen Huang fell to 12th with $147 billion after losing $8.3 billion that day, the largest wealth loss in the world.
Why it matters
Huang's decline followed the market's negative reaction to his email to staff admitting he was unfaithful to his wife, which he said he took full responsibility for. The moves show how quickly personal conduct and stock performance can reshape rankings of the world's wealthiest people.
Buffett now manages $165.7 billion in assets and holds about 13.2% of Berkshire Hathaway's equity, while Berkshire's Class A shares rose 13% in one month. Huang's fortune stands at $147 billion after the Wednesday drop.
The players
Warren Buffett
Warren Buffett is the chairman and CEO of Berkshire Hathaway, the investment conglomerate he has led for decades and widely regarded as one of the most successful investors in history.
Jensen Huang
Jensen Huang is the co-founder and CEO of Nvidia, the semiconductor company whose chips power much of the artificial intelligence industry.
Forbes
Forbes is the U.S. business media company that publishes the annual and real-time rankings of the world's billionaires.
The details
Huang sent an email to staff on Sunday acknowledging he had been unfaithful to his wife and accepting full responsibility. A secret U.S. report reportedly warned months earlier that Alice Huang was a Chinese spy, a claim the source presents without confirmation.
Timeline
Months before the report: a secret U.S. report reportedly warned that Alice Huang was a Chinese spy.
Sunday: Huang emailed staff admitting unfaithfulness.
Wednesday: Buffett gained $4.2 billion while Huang lost $8.3 billion.
Market Landscape
Forbes' real-time billionaires index updates net worth daily from stock prices, so Wednesday's Nvidia drop and Berkshire Hathaway gains were reflected immediately in global rankings. The shift highlights how concentrated billionaire wealth remains in a handful of firms tied to artificial intelligence and long-held conglomerates.
Shifts in Nvidia's share price directly affect the value of retirement and index-fund holdings that include the chipmaker. Investors tracking Berkshire Hathaway may also see its Class A shares move with Buffett's wealth changes.
The takeaway
Billionaire rankings can change quickly when a single company's stock falls or a leader's personal conduct becomes public. Readers tracking wealth or portfolios should watch both market moves and the broader news around key executives.
Further reading
Explore more on Public Companies to see how individual stock moves shape corporate wealth rankings.
Source note: This article includes information reported by VnExpress International – Latest news, business, travel and analysis from Vietnam.
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