Nvidia CEO Jensen Huang's fortune melted by $15.8 billion in two days

Nvidia CEO Jensen Huang lost his place among the 10 richest people in the world after the sharp decline in company shares. While Huang's wealth decreased by $8.4 billion on Tuesday, the total two-day decline reached $15.8 billion with the loss of $7.4 billion on Monday.

Huang's fortune, which fell to 12th place in the Forbes Real-Time Billionaires List, was calculated as approximately 147 billion dollars. With this decline, Huang fell behind Spanish businessman Amancio Ortega and Walmart's Rob Walton and his family.

Huang's fortune fell to $154.7 billion on Monday, falling behind Berkshire Hathaway founder Warren Buffett and Oracle founder Larry Ellison.

NVIDIA SHARES FALLED 5.5 PERCENT

Nvidia shares lost value for the second consecutive trading day. While the company's shares closed at $168.80, down 5.5 percent, Nvidia's market value fell to $4.07 trillion.

The company's market value rose to $5.7 trillion on October 2. With the latest loss in shares, Nvidia's market cap remains approximately $1.63 trillion below its peak.

While Huang was the billionaire whose fortune decreased the most on Tuesday, former Microsoft CEO Steve Ballmer followed him with a loss of $2.8 billion.

The decline in Nvidia shares also differentiated itself from other major technology companies. Shares of Broadcom, AMD and Intel, as well as Apple, Microsoft, Alphabet, Amazon, Meta and Tesla, rose.

ALLEGATIONS ABOUT HUANG ARE ON THE AGENDA

During the decline in Nvidia shares, allegations about Jensen Huang's relationship with a businesswoman named Alice Huang and that the person in question may be linked to Chinese intelligence also came to the fore.

It was claimed that Huang disclosed to his employees on Sunday that he was having an extramarital affair with Alice Huang.

It was claimed that US officials assessed that Alice Huang might have been assigned by the Chinese Ministry of State Security to collect information about Nvidia.

It was reported that Alice Huang, who is stated to be a manager at the Singapore-based data center company Megaspeed, is connected to one of Nvidia's business partners and her name was mentioned in the investigations in the USA regarding China's access to Nvidia chips.

NVIDIA STARTED AN INDEPENDENT INVESTIGATION

Nvidia announced that it launched an independent investigation following the allegations.

The company argued that at this stage there is no reason to believe that national security or Nvidia trade secrets have been compromised.

At the end of October, the New York Times also brought forward allegations that Huang was linked to a suspected Chinese espionage initiative.

The news claimed that US President Donald Trump was informed about the findings of US intelligence on the subject about a year ago, but did not take any steps.

An Nvidia spokesperson said in a statement at the time: "Jensen's interactions with Alice Huang are not unusual or unexpected."

DIVORCE CLAIMS ARE ALSO ON THE AGENDA

Following the allegations, speculations arose that Jensen Huang and his wife Lori Huang might divorce.

It is considered that in case of a possible divorce, Lori Huang may have significant rights over the couple's joint assets.

According to Nvidia's 2026 proxy statement, a significant portion of Huang's shares are held in foundation and trust structures where both spouses are joint trustees.

In California law, assets acquired during the marriage can be considered joint property unless clearly stated otherwise. However, it is not known whether the couple made any agreements regarding the division of property before or during the marriage.

There is no confirmed statement that the Huang couple will divorce.

WACHTELL LIPTON ASSIGNED FOR THE INVESTIGATION

Nvidia appointed the US-based law firm Wachtell, Lipton, Rosen & Katz to examine the possible effects of the relationship and allegations on the company.

In the statement made by independent members of Nvidia's board of directors, it was reported that former Interim US Attorney for the Southern District of New York Joon H. Kim will also take part in the investigation.

The independent investigation is expected to investigate Huang's relationship with Alice Huang and its possible effects on Nvidia's operations, information security and corporate governance processes.