Nvidia CEO Jensen Huang's net worth drops $7.4 billion amid affair probe
Jensen Huang's net worth dropped by $7.4 billion on Monday as Nvidia shares tumbled following reports of an affair with an executive allegedly linked to Chinese intelligence, pushing him from 8th to 10th in Forbes' real-time billionaire rankings. The stock fell over 7% at the opening bell after Nvidia announced an independent investigation into Huang's relationship with Alice Huang, a former Megaspeed executive. The company's market value dropped from $4.5 trillion to about $4.24 trillion, erasing roughly $260 billion. Huang acknowledged the affair to employees on November 8, apologizing to his family. Nvidia stated no national security or proprietary information was compromised, while President Trump defended Huang. The company reports quarterly earnings on November 17.