Jensen Huang's fortune drops $33 billion as Nvidia CEO resigns
Jensen Huang's fortune has shrunk by nearly $33 billion in November, dropping him from the world's 7th richest person to 13th place on the Forbes ranking. The Nvidia co-founder resigned amid a crisis involving revelations of extramarital affairs. Huang's wealth fell from $177.5 billion on November 1st to $144.6 billion after his resignation announcement on November 12th. The crisis began with reports of a relationship with Alice Huang, a Chinese businesswoman suspected of espionage, followed by another affair with Nvidia executive Kimberly Powell. Colette Kress has been appointed interim CEO. Nvidia shares plunged 13.90% on Thursday to $149.57, with monthly losses reaching 24.23%. Analysts note the company faces a reputational crisis but maintains strong business fundamentals, supported by massive demand for its AI chips.