There are plenty of reasons Jensen Huang's resignation is a big deal. Not only does his departure leave Nvidia, the AI chipmaker he co-founded 33 years ago, looking for a new permanent CEO for the first time. It also puts the spotlight on the Huang family, whose ties to the company run well beyond its founder.
To catch you up, Huang stepped down four days after first telling employees he'd been unfaithful to his wife of 41 years, Lori Huang. He made the admission after reports of a relationship with Alice Huang, a businesswoman, who first of all is unrelated to him, and whom U.S. intelligence officials suspect of spying for China. On Wednesday, the New York Times reported that he'd also had a relationship with Kimberly Powell, an Nvidia executive who reported directly to him. And then on Thursday, hours after resigning, Reuters reported that Huang had an "intimate relationship" with another Nvidia employee, whom the outlet did not name.
To make matters worse (if possible), the Huangs' two children, Madison and Spencer, both work at Nvidia, making this whole scandal a family affair with a far more personal question at the center of it: What would happen to the Nvidia multi-billion dollar fortune if they divorced?
Of course, this analysis doesn't mean the couple is divorcing — Lori hasn’t made any public comment. She and Jensen are deeply connected in business as co-trustees of three trusts that directly held nearly 669 million Nvidia shares in March. A September SEC filing shows those direct holdings at about 608 million shares, with additional stock held through companies their living trust owns.
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