Original ｜Odaily Planet Daily（@OdailyChina）

Author｜Golem（@web3_golem）



On November 8, Jensen Huang, the founder and CEO of Nvidia, admitted to extramarital affairs in an internal letter sent to all employees and apologized to his wife, family, and company employees, stating: “I owe my family and all of you an apology. I have been unfaithful to my wife. My actions have hurt her and our children. I have no excuses for what I have done. I am deeply sorry.”

On the same day, Nvidia's board of directors announced an independent investigation into Jensen Huang, which will be overseen by a special committee of independent directors, and they have hired external independent legal advisors for review.

The board stated that there is currently no reason to believe that U.S. national security or Nvidia's core business secrets have been compromised, and they continue to trust Jensen Huang and his management team. Nvidia’s head of public policy communications, John Rizzo, confirmed that this incident will not affect the company’s operations, and Jensen Huang will continue to serve as CEO and lead the company normally, but the market still reacted strongly. According to MSX.COM data, Nvidia’s after-hours trading saw a decline of 4%, with a market value evaporation of about $180 billion.

Jensen Huang with his extramarital girlfriend (Source: Internet)

This decline in stock price could be attributed not only to concerns about Jensen Huang’s extramarital affair scandal affecting company operations but also to investors potentially trading on the expectation of Jensen Huang's divorce.

According to Forbes' real-time wealth rankings as of November 8, Jensen Huang’s net worth exceeds $162.2 billion, ranking him eighth in the world, with 99% of his wealth coming from Nvidia shares. Jensen Huang has been married to his wife, Lori Huang, for over 40 years, and Nvidia was established after their marriage. This means that if Jensen Huang does end up divorcing his wife, under California law, Lori Huang could at least claim shares of Nvidia worth over $62.5 billion—this would make it the second-largest divorce settlement in history, second only to that of Bill Gates and his ex-wife.

Jensen Huang's Asset Inventory: $151.5 Billion in Nvidia Shares, 3 Properties in the U.S.

According to the Form 4 submitted by Jensen Huang on September 18, 2026, he holds a total of 811,521,160 Nvidia shares, accounting for approximately 3.37% of the company, worth about $151.5 billion (based on the closing price of NVDA at $186.64 on November 7).

Among these, Jensen Huang directly holds 70,100,666 shares, valued at approximately $13 billion; the Jen-Hsun & Lori Huang Living Trust (the living trust of Jensen and Lori Huang) holds 467,693,547 shares, valued at $87.29 billion; the Huang Irrevocable Remainder Trust holds 109,040,602 shares, valued at $20.35 billion; the Huang 2012 Irrevocable Trust holds 31,421,011 shares, valued at $5.86 billion; and six TARG limited liability companies together hold 133,265,334 shares, valued at approximately $24.87 billion, all fully owned by the Jen-Hsun & Lori Huang Living Trust.

The breakdown is as follows. Jensen Huang directly holds 70,100,666 shares, valued at approximately $13 billion; the Jen-Hsun & Lori Huang Living Trust holds 467,693,547 shares, valued at $87.29 billion; the Huang Irrevocable Remainder Trust holds 109,040,602 shares, valued at $20.35 billion; the Huang 2012 Irrevocable Trust holds 31,421,011 shares, valued at $5.86 billion; and the six TARG limited liability companies hold a total of 133,265,334 shares, valued at approximately $24.87 billion, each owned by the Living Trust as the sole member. Also in this Form 4, on September 17, the Living Trust gifted 438,000 shares, including 292,000 shares to The Jen-Hsun & Lori Huang Foundation and 146,000 shares to a donor-advised fund—this portion is no longer in the subsequent division pool.

In addition, according to public reports, the Huang couple owns three properties valued between $70 million and $95 million; their main residence is in Los Altos Hills, California, which they purchased in 2003 for $6.9 million, and its estimated current fair value is around $15 million to $25 million.

Los Altos Hills residence (estimated fair value around $15 million–$25 million)

In 2004, Jensen Huang purchased a walled beachfront villa in Wailea, Maui, for $7.5 million, which is estimated to have a current fair value of around $15 million to $30 million.

Wailea beachfront villa in Maui (estimated fair value around $15 million–$30 million)

Around 2017, Jensen Huang purchased a 11,400-square-foot mansion in San Francisco's Gold Coast through a limited liability company for around $38 million, which is estimated to currently be valued at about $40 million.

San Francisco Gold Coast residence (estimated fair value around $40 million)

How to Divide Hundreds of Billions in Assets?

Jensen Huang has been married to his current wife, Lori Huang (née Mills), since 1985, for approximately 41 years, and they have a son and a daughter (Madison and Spencer, both employed by Nvidia). The couple primarily resides in California, where Nvidia's headquarters are also located in Santa Clara. If they were to divorce, it is highly likely they would do so in California, which follows community property laws.

Jensen Huang with his family

California is a typical community property state in the U.S., according to Section 770 of the Family Code, property acquired during the marriage is generally considered community property and will be divided equally (50/50) upon divorce, while premarital property, gifts, and inheritances are considered separate property. Additionally, California enforces no-fault divorce, and infidelity itself does not impact property division percentages.

However, if Jensen Huang used community property during the marriage to buy gifts for his extramarital partner, make large expenditures, or concealed community property by transferring assets, then under California Family Code provisions, the court could award the other party 50% or even 100% of the value of those related assets depending on the severity of the situation.

Nvidia was founded in 1993, after the couple's marriage. Under California's community property system, if the couple did not sign a prenuptial or postnuptial agreement, the founder's shares acquired and held in Jensen Huang's name during the marriage would generally be recognized as community property.

However, the 811,521,160 shares held by Jensen Huang are disclosed as direct and indirect beneficial ownership under SEC securities law, which does not equate to shares that Jensen Huang can freely dispose of, nor does it mean that they can be directly split in half as community property during a divorce.

According to the statistics above, Jensen Huang directly holds only about 70.1 million shares of Nvidia stock. The majority of his stocks are held in living trusts co-owned with his wife and in six limited liability companies (LLCs) under the trust, which will gradually return shares to the trust over time. California's community property system stipulates that property transferred into a revocable trust retains its community property nature during the marriage.

Therefore, under the assumption that all four hypotheses are simultaneously valid—assuming divorce, assuming no property agreement, assuming all these shares are recognized as community property, assuming equal division—the division pool would comprise Jensen Huang's personal direct holdings, the Living Trust, and the six TARG LLCs holding a total of 671 million Nvidia shares, worth approximately $125.2 billion, and Lori Huang could theoretically claim half of that, around 335 million shares, worth approximately $62.6 billion.

Jensen Huang also holds about 140 million Nvidia shares through two irrevocable trusts, which are significantly more complex in terms of asset handling compared to revocable trusts and LLCs.

Jensen Huang and Lori Huang are co-trustees of these two trusts, but the specific list of beneficiaries has not been disclosed in public information. However, according to foreign media reports, the primary purpose of these trusts, established in 2012 and 2016 respectively, is to transfer any future appreciation of Nvidia shares out of the estate tax range for the Huang couple to pass on to the next generation, with the ultimate beneficiaries likely being Spencer Huang and Madison Huang.

Therefore, this portion of Nvidia stock, valued at over $26.2 billion, will likely not be divided due to divorce, and Lori Huang is unlikely to directly receive half of the shares; however, if they were to divorce, she could still claim rights to the trust's future distributions or appreciated portions.

Moreover, given that Jensen Huang holds a massive number of shares involving voting rights, courts rarely adopt the approach of forcibly “physically splitting” stocks and transferring them to the wife; they typically recommend compensating one party with other assets (cash, real estate, etc.) or establishing a constructive trust wherein one party holds the shares owed to the other and distributes the proceeds upon sale, avoiding large-scale stock sell-offs.

Of course, the above asset division is merely an analysis based on public information and general California legal principles, and it is not legal advice, nor does it predict actual outcomes. The final outcome of this marriage remains uncertain.

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