Jensen Huang’s net worth drops $10 billion as Nvidia stock slides in the fallout of affair scandals with company exec and alleged spy
Jensen Huang is no longer one of the top 10 richest billionaires in the world, tumbling down past Walmart heirs Jim Walton, Rob Walton, and Alice Walton.
According to the source, Jensen Huang, the co-founder of Nvidia, saw his net worth drop by $10 billion due to a decline in Nvidia's stock price. This happened after allegations surfaced that Huang had affairs with a Nvidia executive and a suspected Chinese spy. Huang resigned as CEO, and Colette Kress will serve as the interim leader.
The billionaire's wealth has since dropped to $145 billion, making him the 13th wealthiest person in the world. The stock price of Nvidia fell by 7% in pre-market trading, and the company's market cap was expected to decrease by $1 trillion in November due to the scandal. Huang owns around 3.5% of Nvidia's shares, which are valued at $3.87 trillion. The recent investigations and lawsuits may further impact Nvidia's stock and Huang's net worth.
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