Seven Nvidia-linked Billionaires Lost a third of their wealth after the scandal

Seven billionaires associated with the American company Nvidia have lost a total of about a third of their fortune amid the scandal surrounding the personal life of former CEO Jensen Huang. This was reported on November 13 by Forbes magazine.

"Against the background of the scandal, the company's shares have fallen by 11% since November 8 and by 31% relative to the October high," the publication notes.

Huang's fortune dropped to $145 billion, as a result of which he left the top ten richest people in the world. At the same time, the total capital of six more current and former Nvidia executives and board members decreased by $5.6 billion, to approximately $21 billion.

Colette Kress, the company's chief financial officer, Jay Puri, former executive vice president of global operations, and Brooke Sewell, a venture capitalist and board member, have lost their billionaire status.

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The scandal with Jensen Huang turned out to be beneficial to a lot of people

On November 7, former Nvidia CEO Jensen Huang confessed to the board of directors that he had an intimate relationship with a woman whom American intelligence suspected of collecting information in favor of Beijing. It turned out that the ex-CEO had more than one relationship.

Later, the head of the corporation resigned. At the same time, US President Donald Trump in a telephone conversation urged Huang not to give up and defend his position. Nvidia employees themselves also called for him to be returned to his position after his resignation.

Forbes magazine reported that the day after the scandal, Huang's fortune decreased by about $7.4 billion to $154.7 billion. According to the publication, Nvidia shares fell by 5.5% amid an investigation into the circumstances of his relationship with a Chinese woman.