Leadership

Jensen Huang's $155 Billion Bet on the AI Chip Boom

Nvidia founder Jensen Huang built a $155 billion fortune supplying AI chips; in November 2026 he admitted an affair as the board opened an independent investigation.

By Daniel Okafor

5 min read

Meet Jensen Huang, Nvidia's founder and CEO
Meet Jensen Huang, Nvidia's founder and CEOaxonite / pixabay

What's News

  • Nvidia was founded in 1993 at a Denny's in northern California by Jensen Huang, Curtis Priem and Chris Malachowsky.
  • Huang's net worth reached $155 billion as of November 2026, per Bloomberg.
  • Nvidia released the GeForce 256, billed as the first GPU, and went public in 1999; it crossed a $1 trillion market cap in 2023.
  • Nvidia's board opened "an independent investigation" in November 2026 into whether Huang had been the target of a foreign intelligence effort.
  • Huang owned roughly 3.77% of Nvidia's outstanding shares as of a June 2025 proxy statement.

Jensen Huang's net worth stood at $155 billion as of November 2026, according to Bloomberg, and the Nvidia founder still owns roughly 3.77% of the company he started at a Denny's in 1993.

That figure measures how far the business has traveled since three engineers sketched a chip company over breakfast in northern California. Huang now leads the supplier of the GPUs that train AI models, and the market value of his company crossed $1 trillion in 2023.

What did Huang build in 1993?

Huang, Curtis Priem and Chris Malachowsky came up with the idea that became Nvidia at a Denny's in northern California in 1993. In 1999 the company released the GeForce 256 and called it the first graphics processing unit, or GPU, and Nvidia went public that same year. By 2023, Nvidia had joined the handful of companies with a trillion-dollar market capitalization as demand for training chips pulled in Big Tech buyers and startups alike. In 2024, Huang entered Forbes' list of the world's 10 wealthiest people.

  • 1993: Nvidia founded at a Denny's in northern California
  • 1999: GeForce 256 debut, billed as the first GPU; IPO the same year
  • 2023: Nvidia joins the trillion-dollar market-cap tier
  • 2024: Huang enters Forbes' top 10 richest people
  • November 2026: Net worth of $155 billion, per Bloomberg

How did a Taiwan-born immigrant reach that point?

Huang was born in Taiwan in 1963 and spent part of his childhood there and in Thailand before his parents sent him and his brother to the US to live with an uncle in Tacoma, Washington. The uncle sent him to Oneida Baptist Institute in Kentucky, and after his parents immigrated the family moved to Oregon. He graduated from high school at 16, took a bachelor's degree in electrical engineering at Oregon State University and a master's in the same field at Stanford University.

His first job came at 15: washing dishes, bussing and waiting tables at a Denny's in Portland. He then worked at Advanced Micro Devices from 1984 to 1985 and at chipmaker LSI Logic from 1985 to 1993, the last of which ended the year he founded Nvidia. The pattern is plain. Huang's first paycheck came from a diner, and so did his first company.

What does his management style look like?

Huang skips one-on-one meetings, manages roughly 60 direct reports as CEO, gives feedback publicly and sends his staff hundreds of emails a day. Current and former employees told Business Insider he is a hands-on boss with high expectations and meticulous attention to detail, one who values owning up to mistakes. Huang has said he has workaholic tendencies, logging 14-hour days and working on holidays. He took a tattoo of Nvidia's logo on his shoulder when the stock hit $100 a share, and his black leather jacket has become a signature piece at keynotes and product launches. At the 2026 GTC conference, he addressed the cost of tokens.

What happened in November 2026?

Nvidia's board announced it was starting "an independent investigation" into whether Huang had "been the target of a foreign intelligence effort." The statement followed a New York Times report that US officials believed Alice Huang, the former CEO of a Singapore-based cloud computing company, had a close relationship with the Nvidia CEO, and that those officials believed she was a Chinese intelligence asset. Beijing strenuously denied such allegations.

Without naming Alice Huang, Huang admitted to employees that he had an affair and asked for their forgiveness.

"Leading NVIDIA is the privilege of my life," Huang wrote in the message. "My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility."

President Donald Trump, who has grown close to Huang, later told reporters that Huang was unaware of allegations that Alice Huang might be a spy.

Where are the other founders?

Curtis Priem served as Nvidia's chief technical officer from 1993 to 2003. After the 1999 IPO he placed more than three-quarters of his shares into the Priem Family Foundation, and by 2006 he had sold the rest, leaving him a fortune Forbes estimated at roughly $30 million in 2023. Chris Malachowsky is a senior technology executive at Nvidia. Both men have kept a lower public profile than Huang.

Who runs Nvidia if Huang leaves?

Huang met his wife, Lori, while attending Oregon State University. The couple have two children: Madison Huang, a director of product and technical marketing at Nvidia, and Spencer Huang, a product line manager. Huang and Lisa Su, CEO of rival chipmaker AMD, are distant cousins. He has a home in Silicon Valley; Nvidia's headquarters sit in Santa Clara, California.

Huang has served as president, CEO and a board member since the company's creation, and neither he nor Nvidia has said much about succession planning. He was elected to the National Academy of Engineering in 2024 and has received the Semiconductor Industry Association's Robert N. Noyce Award. The Economist has named him the world's best CEO, Fortune made him its Businessperson of the Year, and TIME placed him among the 100 most influential people. A June 2025 proxy statement put his stake at roughly 3.77% of shares outstanding, making him the largest individual shareholder.

The open question is governance rather than demand. With no successor named, a founder whose net worth now tracks the stock, and a board investigation running since November 2026, how the board handles Huang's case will set the terms for who runs the company after him.

Source: feeds.businessinsider.com

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Daniel Okafor

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Correspondent covering money, funding and market shifts around entrepreneurship, startups and venture funding at Business Bearings.

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