Jensen Huang’s net worth is down by almost a fifth this year after Nivida stock‘s slide on Wednesday.

The CEO is $22.6 billion less well off and worth $91.8 billion, per the Bloomberg Billionaires Index, putting him in 16th place. Most of his wealth comes from his stake in Nvidia, whose shares have fallen almost 25% since January.

Huang and Michael Dell have fallen by a combined $49 billion this year following Nvidia’s stock slide and a broader tech sell-off on Wednesday.

The two CEOs both fell out of the exclusive $100 billion club earlier this month after a painful first quarter for the stock market.

At the start of the year, there were 16 centi-billionaires, but there are now only 14, according to the Bloomberg rich list, as a sharp sell-off in equities wiped billions from their fortunes in the worst quarter for the market since 2022.

President Donald Trump‘s aggressive tariff policies have led to a more volatile market and dampened investor confidence.

Once one of the biggest beneficiaries of the AI stock boom, Nvidia has faced a series of obstacles this year that have hit its stock price.

A mix of AI market saturation fears, tighter regulations, and a disappointing IPO from AI cloud startup CoreWeave have weighed on investor sentiment.

Huang remains much richer than he was two years ago, when his net worth was about $25 billion — although he’s still well off his $130 billion peak from last November.