How Jensen Huang’s Affair Could Impact His $155Bn Fortune
Summary
Nvidia opened an independent investigation into CEO Jensen Huang’s alleged relationship with a woman U.S. intelligence agencies suspect of spying for China. Huang acknowledged an extramarital affair but did not confirm a relationship with the woman; Nvidia’s board said it had no reason to believe company secrets or national security were compromised and expressed confidence in his leadership.Key Facts
- Nvidia shares fell 4.3% on Monday to $178.67 after the company announced the investigation.
- The share-price drop erased nearly $200 billion in Nvidia’s market value.
- A September filing showed Huang owned 811.5 million Nvidia shares, worth about $145 billion at Monday’s closing price.
- Forbes estimated Huang’s net worth at $155.4 billion on Tuesday, down $6.8 billion, or 4.19%, from the previous day.
- The woman identified in reports as a suspected spy, Alice Huang, had been a senior executive at Singapore-based cloud computing firm Megaspeed, described in the article as Nvidia’s largest chip buyer in Southeast Asia.
- China’s Foreign Ministry rejected the spy allegations as unsubstantiated and called them smears.
- Nvidia’s board said it had confidence in Huang and his leadership team and was not signaling that it planned to remove him.
- President Donald Trump publicly supported Huang and said he should continue leading Nvidia.
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