Nvidia CEO Jensen Huang's Wealth Drops $7.4 Billion Amid Lawsuit

Washington. The wealth of Nvidia's Chief Executive Officer (CEO) Jensen Huang has decreased by 7.4 billion dollars in a single day. According to Forbes, with the fall in the company's share price, his total wealth fell to 154.7 billion dollars on November 9. With this, he has dropped from eighth to tenth place in the list of the world's richest people. Meanwhile, shareholders have filed a collective lawsuit against Huang and Nvidia. They have accused the company of not informing investors about Huang's relationship with Alice Huang and the national security concerns associated with it. It was reported that US officials suspect that the woman Alice Huang worked for the Chinese intelligence agency. She is a former executive of a data center company based in Singapore. Following the controversy, Nvidia has announced an independent investigation. However, the company's board of directors stated that there is no evidence of leakage of secret business or national security information. Huang owns more than 3.5 percent of the company's shares. Therefore, fluctuations in share prices directly affect his wealth.