Jensen Huang’s wife is a co-trustee to more than 500M of his Nvidia shares. Here’s what his affair could cost him Victoria Vesovski Mon, November 9, 2026 at 5:00 PM EST 5 min read NVDA -3.75% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Jensen Huang has spent years building Nvidia [NASDAQ: NVDA] into a tech giant, while making himself one of the richest people in the world along the way. Now, an affair could threaten more than just his reputation.
In a letter to Nvidia employees, Huang admitted to being unfaithful to his wife following reports that he had a relationship with Alice Huang (who has no relation to the Nvidia CEO), a former executive at Singapore-based data centre company Megaspeed, who U.S. authorities reportedly identified as a Chinese intelligence asset.
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"I owe my family and all of you an apology," Huang wrote in the letter released on Nov. 8. "I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry."
Nvidia's board has since launched an independent investigation into whether Huang was targeted by Chinese intelligence, but the affair could also have major consequences for his personal fortune.
His wife, Lori, is a co-trustee of a family trust that includes more than 528 million Nvidia shares as of March 2026, according to the company's 2026 proxy statement. If this scandal were to lead to a divorce, billions of dollars could potentially be at stake.
According to The New York Times, Secretary of State Marco Rubio oversaw the preparation of a classified memo earlier this spring, which reportedly warned senior Trump administration officials about Huang's relationship with Alice Huang.
The memo was based on electronic surveillance of Alice, whom U.S. officials believed had been recruited by China's Ministry of State Security, the country's main intelligence agency.
Nvidia makes some of the world's most advanced AI chips, which power everything from chatbots to data centres. The U.S. has restricted sales of certain chips to China over concerns that the technology could be used to strengthen the rival country's military and AI capabilities.
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Megaspeed, where Alice worked as an executive, reportedly purchased about $2 billion worth of Nvidia products in recent years, the NYT reports. U.S. authorities also suspect Megaspeed helped get restricted chips into China, bypassing U.S. export rules.
"While the Board has no reason to believe that either national security or NVIDIA secrets were compromised, the Board's inquiry will examine all available information," Nvidia's board of directors said in a statement. The board also said it still has confidence in Huang's leadership, and he has agreed to cooperate with the investigation.
"Today's news will not slow Nvidia," an company spokesperson told Moneywise. "Jensen is committed to continuing to lead Nvidia as CEO without interruption."
Huang and his wife were college sweethearts who studied engineering together at Oregon State University. The couple married in 1985, eight years before Huang co-founded Nvidia, and have since built a life and an enormous fortune together.
Huang, however, has already seen billions wiped off his fortune in recent days. On Nov. 5, his net worth fell by $15.1 billion to $150.9 billion as Nvidia shares plunged more than 9% amid broader concerns about AI spending. That decline came before Huang publicly admitted to the affair.
His fortune took another hit Nov. 9 following news of the investigation, as Nvidia shares were down 5% at 11 a.m. EST. In fact, Forbes estimates Huang lost $7.4 billion within the first half-hour of trading.
But if Huang and his wife were to divorce, there could be even more money at stake. They have long-standing ties to California, where assets acquired during a marriage are generally considered community property and typically divided equally between spouses. Huang founded Nvidia after the couple married, which means some of his enormous wealth could potentially be subject to division.
However, the outcome would depend on how the assets are owned, the terms of their trusts and whether they have any marital agreements. Since California is a no-fault divorce state, an affair alone wouldn't generally entitle Lori to a larger share of their wealth.
For now, Lori hasn't publicly commented on the affair and there's no indication the couple is planning to divorce. In his apology, Huang said he hopes his family can heal and that, over time, he can earn back their trust. Whether the scandal will have any lasting impact on his marriage, his fortune or his position at Nvidia remains to be seen.
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This article originally appeared on Moneywise.com under the title: Jensen Huang's wife is a co-trustee to more than 500M of his Nvidia shares. Here's what his affair could cost him
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