Advantage China? How Nvidia CEO's affair with Chinese spy Alice Huang could impact US
Nvidia CEO Jensen Huang witnessed a staggering $7.4 billion loss in his net worth within a mere 30 minutes on Monday, causing his rank to drop from 8th to 10th on Forbes' list of the world's richest people. This precipitous decline was precipitated by a sharp drop in Nvidia's share price following Huang's admission to having an affair.
The company's shares opened more than 7 percent lower, resulting in a $10.3 billion wipeout of his fortune. Currently, Huang's net worth stands at $154.7 billion, below that of Berkshire Hathaway chairman Warren Buffett and Oracle co-founder Larry Ellison.
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- Nvidia hires top US law firm to investigate affair between CEO Huang and Chinese spy timesofindia.indiatimes.com
- Who Is Alice Huang, the Woman in the Middle of Nvidia’s Spy Scandal? nytimes.com
