Jensen Huang loses billions, falls two spots in the Forbes world's rich list as extramarital scandal with Chinese spy Alice hits Nvidia CEO

Days after admitting to be involved in an extramarital affair with a suspected Chinese spy, Nvidia CEO and President Jensen Huang has lost billions following a fall in the chipmaker's shares. According to the Forbes rankings, Jensen Huang dropped two places in the world's rich list to fall to the 10th spot. He was the only multi-billionaire to lose a substantial portion of his net worth on Monday (November 9, 2026).

The Nvidia top executive was in a relationship with Alice Huang aka Huang Le, a Chinese citizen. She is suspected to be a Chinese spy and was a senior employee at Singapore-based chip buyer Megaspeed when the two started their affair. The US intelligence officials suspect Alice of being a Chinese intelligence operative.

Jensen Huang saw his net worth erode by $7.4 billion to $154.7 billion on Monday afternoon as Nvidia shares crashed. Even though the stock price went up a little, Huang still remained at the 10th position on the rich list behind Berkshire Hathaway's Warren Buffett and Oracle’s Larry Ellison. His latest net worth at the time of filing this report was $155.4 billion, down $6.8 billion (4.19%).


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Nvidia is investigating the alleged affair between Huang and Alice. Soon after the chipmaker made the announcement, Nvidia's shares started to tank and at one point were down by almost 7% before recovering to be still in the red by 5.5% at 1:30 p.m. EST on Monday. The fall in share prices also hit Nvidia's market capitalization, which was $4.24 trillion by 1:30 p.m. EST, a fall from the $4.5 trillion at Friday’s close.

The first report of Huang and Alice's alleged affair was published by The New York Times in late October 2026.

Who is Alice Huang?

US intelligence officials had been tracking Alice Huang for the last several months and President Donald Trump had been kept in the loop. Trump was informed about Alice being on the radar for being a Chinese spy in late 2025 and she was specifically tasked by her handlers in China to befriend and trap the Nvidia CEO.

Reportedly aged 42, Alice started out in the field of finance before transitioning into artificial-intelligence chips. Climbing up the corporate ladder rapidly, Alice Huang soon became the top shareholder of Singapore-based cloud-computing company Megaspeed International, Reuters reported. The company became an official cloud partner of Nvidia.

But Megaspeed International and Alice's Chinese links were soon on the list of US intelligence which suspected her of working for Chinese intelligence and trying to obtain the blueprint of advanced Nvidia chips. The US intelligence report states that she managed to gather information on advanced chips and gave Chinese intelligence all the details she was privy of.

ALSO READ: Nvidia CEO Jensen Huang and Alice Huang affair: Timeline of suspected Chinese spy scandal

Jensen Huang's apology letter

The 63-year-old Jensen Huang on November 8 issued a statement through Nvidia explaining his relationship with Alice and seeking apology from his family and employees. While admitting to his extramarital affair, he stated that he was "unfaithful" to his wife Lori Huang.

"I owe my family and all of you an apology. I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry. Throughout my life, my family has given me love and support. They deserve my honesty and loyalty. Instead, I let them down and damaged the life we built together. I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it. To my wife and family: I love you. I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust," his statement read.