Jensen Huang’s net worth was $155.4 billion on Nov. 9, according to Forbes’ real-time tracker, which ranked him 10th in the world. That is close to our own arithmetic. The 870.6 million Nvidia shares in his company’s proxy were worth about $155.6 billion at Monday’s $178.67 close.
On Oct. 28, the day before The New York Times reported US intelligence concerns about an Nvidia customer, those shares were worth about $187.5 billion. That is a paper loss of roughly $32 billion in eight trading days.
None of it has been realized. Huang hasn’t sold a share on the open market since October 2025, his SEC filings show.
How Huang holds 870.6 million Nvidia shares
Very little of the stake sits in Huang’s own name. Nvidia’s 2026 proxy statement counts his shares as of March 23, 2026. A footnote to its ownership table spells out where they are held.
| Holder | Shares | What the proxy says |
|---|---|---|
| Jen-Hsun and Lori Huang Living Trust (1995) | 528.5 million | He and his wife are co-trustees |
| Huang Irrevocable Remainder Trust (2016) | 109.0 million | Co-trustees |
| Huang 2012 Irrevocable Trust | 31.4 million | Co-trustees |
| Four TARG LLCs | 73.3 million | The living trust is the sole member |
| Jen-Hsun & Lori Huang Foundation | 58.7 million | He and his wife “have no pecuniary interest” |
| Not itemized in the footnote | 69.7 million | Our subtraction; his Form 4s show about 70 million held directly |
The foundation line matters for any net worth estimate. Those shares count toward his 3.58% because he and Lori Huang sit on the foundation’s board. The money belongs to the charity.
At Monday’s close, the foundation’s block alone was worth about $10.5 billion. Our profile of Lori Huang covers the foundation, which reported $9.2 billion in assets at the end of 2024.
The arrangement has shifted since the proxy, though the total has barely moved. His most recent Form 4, filed Sept. 18, shows the living trust at 467.7 million shares and six TARG LLCs holding 133.3 million. Excluding the foundation, that adds up to 811.5 million shares, against 811.9 million in the proxy.
The proxy also says Nvidia doesn’t let executives hedge their shares or pledge them as collateral for a loan. Huang can’t borrow against the stake or insure it against a fall.
What the stake was worth at each close since Oct. 28
This is our arithmetic, not a reported figure. We multiplied the proxy’s 870,604,104 shares by each daily close from Yahoo Finance price data. The share count is as of March 23, 2026. His Form 4s since then show only small changes from gifts and tax withholding.
| Close | NVDA price | Value of 870.6M shares | Change on the day |
|---|---|---|---|
| Tue., Oct. 28 | $215.38 | $187.5 billion | (baseline) |
| Wed., Oct. 29: NYT report | $213.66 | $186.0 billion | -$1.5 billion |
| Thu., Oct. 30 | $204.64 | $178.2 billion | -$7.9 billion |
| Mon., Nov. 2 | $202.06 | $175.9 billion | -$2.2 billion |
| Tue., Nov. 3 | $206.69 | $179.9 billion | +$4.0 billion |
| Wed., Nov. 4: House letter | $200.13 | $174.2 billion | -$5.7 billion |
| Thu., Nov. 5 | $181.60 | $158.1 billion | -$16.1 billion |
| Fri., Nov. 6: FT report | $186.64 | $162.5 billion | +$4.4 billion |
| Mon., Nov. 9: board probe | $178.67 | $155.6 billion | -$6.9 billion |
The total drop is $32.0 billion, or 17%. Leave out the foundation’s 58.7 million shares and it is $29.8 billion.
Not all of it traces to the Huang reports. The biggest single day, Nov. 5, came in a broad market selloff. On Monday, though, Nvidia fell 4.3% while the Dow rose more than 1,100 points, as our story on the board’s probe detailed.
His last stock sales ended in October 2025
Huang’s most recent sales came under a prearranged trading plan. He adopted a Rule 10b5-1 plan on March 20, 2025, to sell up to 6 million shares by year-end. Nvidia disclosed it in a May 2025 quarterly report. Such plans set sales in advance, which gives insiders a legal defense against insider-trading claims.
He used all of it. We read the 29 Form 4s he filed for those trades, listed on his EDGAR insider page. They show 6 million shares sold between June 20 and Oct. 29, 2025, each one tied to the March plan.
By our sum of the reported prices, the sales raised about $1.05 billion before taxes. The average price was $174.76 a share, close to Monday’s close.
No sales since, and the Nov. 6 filing isn’t his
Since then, his filings show share awards, shares withheld for taxes and gifts, but no open-market sales. The latest, on Sept. 17, gave 292,000 shares to the foundation and 146,000 to a donor-advised fund. None of the four quarterly and annual reports Nvidia has filed since lists a new trading plan for Huang.
The Form 4 filed on Nov. 6, the most recent Nvidia insider filing before the probe, isn’t Huang’s. It belongs to director Tench Coxe and reports a gift of 500,000 shares on Nov. 4 under his own 10b5-1 plan.
Forbes ranks him 10th in the world
Forbes’ profile, read on Nov. 9, showed $155.4 billion, down $6.8 billion, or 4.19%, on the day. The page measures the change “since 5 pm ET of prior trading day.” Forbes’ editor summary, last updated Sept. 15, says he “owns more than 3.5% of Nvidia” and labels him self-made.
We could not open the Bloomberg Billionaires Index. Its Huang profile returned an access error to our request, so we are not citing a Bloomberg figure or rank.
Forbes does not show its calculation on the profile page. Its number comes within about $200 million of our 870.6 million-share figure, even though that count includes the foundation’s shares.
Nvidia reports third-quarter results on Tuesday, Nov. 17, the day before the closed-door House briefing that three committee chairs have asked Huang to attend. The 10-Q that follows will list trading plans that insiders adopted or ended in the quarter. That is where a new Huang selling plan would first show up.