Jensen Huang’s fortune falls $32.9 billion after Nvidia crisis, Forbes says
🎧 Listen to this story
Jensen Huang’s fortune fell $32.9 billion since November 1, to $144.6 billion, according to Forbes’ billionaire ranking. He dropped from seventh to 13th among the world’s richest people after a crisis involving revelations of extramarital relationships, including one with Alice Huang, a Chinese businesswoman suspected of acting as an espionage agent for the Chinese government. The article says the two are not related and that Jensen also had an affair with Kimberly Powell, Nvidia’s health-care vice president.
Nvidia announced that Jensen Huang resigned from the company’s leadership, while Colette Kress, its chief financial officer and executive vice president, will serve temporarily as CEO. The shares fell 13.90% after the market opened. An expert quoted by g1 said the company faces a reputational crisis but retains solid fundamentals because of demand for its artificial-intelligence chips.
Why it matters · editorial interpretation
Jensen Huang’s departure and Nvidia’s 13.90% share decline put the company’s reputation alongside its financial performance in focus. According to the expert quoted by g1, demand for artificial-intelligence chips still supports solid fundamentals despite the reputational crisis.
Sources
Business