The market value of Jensen Huang’s Nvidia shares has fallen by more than $20 billion this week as the company’s stock price slid.
A September filing with the Securities and Exchange Commission listed Huang as the beneficial owner of about 811.5 million Nvidia shares. Roughly 70.1 million were held directly, with the rest held through trusts and other entities.
Nvidia closed at $186.64 on Friday, November 6, but was trading near $161 during Friday’s session. Based on that change, the value of Huang’s holdings has dropped by more than $20 billion this week.
The decline reflects a fall in the shares’ market value, not losses from Huang selling stock. His resignation from Nvidia does not, by itself, change his ownership.
Nvidia announced Thursday that Huang had stepped down as the company’s president, CEO and a member of its board. The announcement came days after he acknowledged being unfaithful to his wife.
In a message to employees shared publicly on Sunday, Huang said his actions had hurt his wife and children and that he had no excuse. He also addressed national security concerns raised in news reports, saying Nvidia’s board had begun an independent investigation.
The board said it was investigating reports that Huang had been the target of a foreign intelligence effort. The New York Times reported that intelligence cited in a memo to senior Trump administration officials described a Chinese businesswoman close to Huang as a spy for China’s Ministry of State Security.
Attorney General Todd Blanche said Thursday that the Justice Department had not reached a conclusion about whether the woman was a spy.
