Nvidia CEO Jensen Huang dropped to tenth place among the world's richest individuals after losing $7.4 billion amid heavy selling pressure and allegations involving a Chinese businesswoman. The stock decline followed reports suggesting the relationship facilitated billions in chip shipments to China, drawing intense scrutiny to the company's international trade practices.

Nvidia CEO Jensen Huang dropped to tenth place among the world's richest individuals after losing $7.4 billion amid heavy selling pressure and allegations involving a Chinese businesswoman. The stock decline followed reports suggesting the relationship facilitated billions in chip shipments to China, drawing intense scrutiny to the company's international trade practices.

Nvidia CEO Jensen Huang dropped to tenth place among the world's richest individuals after losing $7.4 billion amid heavy selling pressure and allegations involving a Chinese businesswoman. The stock decline followed reports suggesting the relationship facilitated billions in chip shipments to China, drawing intense scrutiny to the company's international trade practices.

Nvidia CEO Jensen Huang, who has been one of the poster boys for the AI revolution and the eighth richest person in the world, has dropped to 10th as $7.4 billion was wiped off his net worth on Monday.

AI chipmaker Nvidia, one of the world's most valuable publicly traded companies, is under heavy selling pressure in light of allegations regarding Jensen Huang's girlfriend Alice Huang being a Chinese spy.

What is Jensen Huang's net worth now?

Jensen Huang's net worth, which was $162.2 billion when the market opened, dropped to $154.7 billion in the first 30 minutes. Nvidia opened over 7 per cent lower on Monday and was still 4.3 per cent down when the market closed. Nvidia's shares rose 1.8 per cent in premarket trading early Tuesday. 

According to a report by The Information citing two sources, the Nvidia CEO's affair with the Chinese businesswoman facilitated the shipment of at least $7.5 billion worth of the company's chips.

Reports revealed that earlier this year, Jensen managed to convince US President Donald Trump to approve sales of its H200 chips to China this year. Previously, he also lobbied Trump for sale of Nvidia's less-advanced H20 chips.

A humble start

Jensen worked at a Denny's diner when he was young and his time there appears to have played a big role in his early life. On his LinkedIn profile he lists only two work experiences: Nvidia's founder and CEO and a dishwasher, busboy and waiter at Denny's from 1978 to 1983.

It was at a Denny's diner in San Jose, California, that three engineers gathered in 1993 to start a computer chip firm. Besides Jensen, the engineers included Chris Malachowsky and Curtis Priem. Their aim was to build a computer chip that would make graphics for video games faster and more realistic, eventually leading to the founding of Nvidia.

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