Nvidia CEO Jensen Huang reportedly suffered a massive financial setback after losing an estimated $7.4 billion in personal wealth within just 30 minutes of trading on Wall Street. The sudden decline came as Nvidia shares dropped amid growing controversy surrounding his alleged relationship with a businesswoman suspected by US intelligence agencies of having links to Chinese intelligence.
According to reports published on November 10, 2026, Huang’s estimated net worth fell from approximately $162.2 billion to $154.7 billion, pushing him down two positions to 10th place on Forbes’ real-time list of the world’s richest people.
The controversy involves Alice Huang, a Chinese businesswoman and former executive associated with Singapore-based Megaspeed International, a company connected to Nvidia’s business network. US intelligence agencies reportedly suspected her of gathering information for Beijing, raising concerns about possible foreign intelligence activity involving the technology giant’s leadership.
The allegations have also brought attention to Nvidia’s business relationships and the movement of advanced artificial intelligence chips to China, where US export restrictions remain a major concern.
Following the controversy, Nvidia’s shares declined by approximately 4.3% on Monday, November 9, wiping out nearly $190 billion from the company’s market value, according to Reuters. The stock’s decline directly affected Huang’s personal fortune, which is closely tied to his Nvidia holdings.
Huang reportedly acknowledged having an extramarital affair and apologised to his family and Nvidia employees. Meanwhile, Nvidia’s board announced an independent investigation into the matter, appointing a committee to examine the available information.
The company stated that it had no reason to believe that national security or Nvidia’s confidential information had been compromised.
The situation has attracted international attention, raising questions about corporate governance, national security and the potential financial consequences of controversies involving major technology executives.
