Tesla's billionaire investor increases NVIDIA holdings twofold, aiming to 'stabilize the market'

March 10, 2026 at 0:03 JST! Bloomberg

Tesla Major Shareholder Koguan Increases NVIDIA Stake to 2 Million Shares

Investment Amounts to Approximately $350 Million Amid Global Stock Decline Due to Middle East Tensions.

Leo Koguan, the well-known major individual shareholder of Tesla, the US electric vehicle (EV) manufacturer, has doubled his stake in NVIDIA, the semiconductor giant, to 2 million shares. Amid a global sell-off affecting all asset classes from bonds to equities due to war in the Middle East, he has expanded his investment in the company.

Koguan stated in an early morning X (formerly Twitter) post on the 7th, 'As promised, I purchased an additional 1 million shares of NVIDIA today.' He had announced the initial purchase just days earlier.

According to the Bloomberg Billionaires Index, Koguan's net worth stands at $13.4 billion (approximately ¥2.12 trillion). While this investment is relatively small given his wealth, it is noteworthy considering that Koguan has concentrated the majority of his assets in Tesla for many years.

The timing is also striking. Since the US and Israel initiated military operations against Iran last month, global stock indices have generally been on a downward trend, with concerns growing that asset prices could fall furtherDeclinedif the conflict drags on.

NVIDIA shares are down about 5% year-to-date as of the closing price on the 6th. Meanwhile, Tesla has fallen nearly 12%, both representing larger declines compared to the less than 2% drop in the S&P 500 index.

Based on recent closing prices, it is estimated that Koguan invested approximately $350 million in acquiring NVIDIA shares. While refraining from detailed comments on the purchase, Koguan simply noted, 'It would be fortunate if this move helps calm the jittery market somewhat. Wishing everyone good luck.'

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