Read Desk. Jensen Huang's net worth has declined by $19.2 billion in four trading days due to the sharp fall in Nvidia's shares, reducing his estimated net worth to $143 billion. The Nvidia co-founder lost about 12% of his wealth this week. Additionally, he has also resigned from his post after being the CEO of the company for 33 years.
According to Forbes report, before the opening of the US stock market on Monday, Huang's wealth was $ 162.2 billion, which dropped to about $ 143 billion by the time the market closed on November 12 (Thursday). Due to this decline, he has slipped from eighth place to 13th in the list of world's billionaires.
This decline in his wealth has come at a time when there is controversy regarding his personal relationships. This also includes allegations related to Alice Huang, a former executive of Singapore-based cloud-computing company Megaspeed.
Nvidia's board had announced an independent investigation into the matter on November 8. On November 12, Huang resigned from the positions of president, CEO and board member of the company.
How much property did Jensen Huang lose in four days?
According to Forbes, between the market opening on Monday and the market closing on Thursday, Huang lost approximately $19.2 billion (ie 11.84%).
The daily changes in his estimated net worth were as follows:
Nvidia shares showed some improvement on Wednesday, as cloud-computing company CoreWeave reported strong results. However, this improvement did not last long. Nvidia shares fell 4.3% on Thursday to close at $166.19.
After this decline, Nvidia's market capitalization has declined to approximately $4.01 trillion. According to Forbes, the company's valuation reached an all-time high of $5.8 trillion in early October.
Huang's decline in ranking on the billionaires list reflects a decline in the estimated value of his wealth. He has slipped from eighth place to 13th. He is now behind many other prominent business figures such as Jim Walton, Rob Walton, Amancio Ortega, Warren Buffett and Larry Ellison. Why did Jensen Huang's net worth decline?
The main reason for this was the fall in the price of Nvidia shares. According to Forbes estimates, Huang owns more than 3.5% of the chip maker, which means his wealth is directly tied to the company's market value.
When the price of Nvidia's shares falls, the estimated value of its stake also falls. This may reduce their net worth, even if they have not sold any of their shares.
The company's shares came under pressure due to questions over Huang's personal relationships and corporate governance. In this controversy, allegations related to Alice Huang and possible involvement of foreign intelligence agencies also came to light.
According to the New York Times report, US officials suspected that Alice Huang may have ties to Chinese intelligence agencies. However, these allegations have not been proven in any public criminal investigation. The investigation into Megaspeed in Singapore was a separate matter, and the Home Ministry there clarified that the investigation had nothing to do with espionage.
On November 8, after Huang told employees about his extramarital affairs, Nvidia's board announced an independent investigation. The board said it had no reason to believe it posed a threat to US national security or Nvidia's confidential information.
What will happen to Huang's stake in Nvidia after his resignation?
The resignation ends Huang's 33-year-long tenure as Nvidia's president and CEO, but it does not mean he has given up his stake in the company.
He co-founded Nvidia in 1993 with Chris Malachowski and Curtis Priem. The company went public in 1999, and Huang continues to lead the company until November 12, 2026.
Nvidia has appointed Chief Financial Officer (CFO) Colette Cress as interim CEO until the board searches for a permanent successor. The company has said it will consider both internal and external candidates for the new CEO. Huang has also resigned from the board.
His estimated wealth will largely depend on the price of Nvidia's shares. Despite a loss of $19.2 billion in four trading days, his net worth according to Forbes is approximately $143 billion, making him 13th on the list of the world's richest people.
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