Nvidia CEO Jensen Huang Loses $7.4 Billion in a Day, Drops to 10th Richest
Nvidia CEO Jensen Huang lost $7.4 billion in a single day, dropping from eighth to tenth in Forbes' billionaire rankings, following a scandal involving his admitted affair with a business executive suspected of spying for China. The November 9 decline brought Huang's net worth to $154.7 billion, compounding a prior $15.1-billion loss during a tech sell-off. Nvidia launched an independent investigation into the matter, while Huang apologized to employees and his wife, Lori, whom he married in 1985. A hypothetical divorce could split Huang's estimated $162.2-billion fortune, potentially giving Lori $81.1 billion under California's community property rules, though no filing has occurred. Huang's wealth is largely tied to his 3.5-percent Nvidia stake, making it highly volatile.