Nvidia CEO's fortune falls below $160 billion after scandal
The state of the co-founder and CEO of Nvidia Jensen Huang decreased immediately by $ 7.9 billion. Shares of the American technology company fell after Huang admitted in an affair with an alleged Chinese spy
The state of co-founder and CEO of Nvidia Jensen Huang in one day decreased by $ 7.9 billion and reached $ 154.7 billion, according to Forbes. As a result, he dropped in the ranking of billionaires from eighth to tenth place.
Much of Huang's fortune stems from his stake in high-tech company Nvidia. According to Bloomberg, as of September 2026, Huang owned approximately 3.4% of the company’s shares himself and through family trusts.
In the course of trading on November 9, Nvidia shares (NVDA) on the NASDAQ exchange at a minimum lost 8.8%, dropping to $170.26. By 19:05 MSK, the fall slowed to 5.13%. As a result, the company’s capitalization decreased to $4.29 trillion. Nvidia is still the second most expensive company in the world.
Nvidia shares fell in U.S. trading after the company's board launched an investigation into its CEO Jensen Huang.
The head of Nvidia was suspected of “close ties” with the head of the Singapore company Megaspeed Alice Huang, which American intelligence agencies consider recruited by the Ministry of State Security of China. According to the Financial Times, the couple had a romantic relationship. American intelligence agencies believe that this could lead to the leak of confidential data on artificial intelligence technologies from the United States and to attempts to circumvent export restrictions.
The Chinese Foreign Ministry called the accusations of an attempt by Chinese intelligence to establish contact with NVIDIA Director General Jensen Huang defamatory. This was stated by the representative of the department Guo Jiakun, the Associated Press reported. The so-called allegations of espionage by China are unfounded. This is nothing more than a slander against China, the Chinese Foreign Ministry spokesman said.
Nvidia’s board of directors has announced an independent investigation. "While the board has no reason to believe that national security or Nvidia's secrets have been breached, the investigation will examine all available information," the statement said.
American technology company Nvidia is one of the world's largest developers of graphics processors and chips for artificial intelligence systems. Jensen Huang founded it in 1993.
Read "RBC Investments" in "Max".
