Lori Huang, not Jensen, is president of the Huangs’ $9 billion foundation—and co-trustee of the trusts holding most of their Nvidia stake
Lori is president of the Jen-Hsun & Lori Huang Foundation, which reported about $9.2 billion in assets at the end of 2024, according to its most recent tax filing reviewed by Fortune.
Key points
- Lori Huang’s role in the foundation Lori, born Lori Mills, met Jensen when the two were paired as lab partners in an electrical fundamentals class at Oregon State University, where she graduated in 1985.
- Jensen is listed as the foundation’s secretary and CFO, and Lori has held the president title on every filing available dating back to 2014.
- Jensen Huang’s future at Nvidia hangs in the balance as the board is reportedly preparing to oust the CEO, people familiar with the matter told The Wall Street Journal.
In June and September 2024, Jensen and Lori, as co-trustees of their living trust, gave the foundation a combined 1.3 million Nvidia shares, according to Jensen’s Form 4 filings and the foundation’s tax return.
Additional details
- The move follows two extramarital affairs by Huang, one of them with a suspected Chinese spy and another one reportedly with Kimberly Powell, the company’s vice president of health care, according to The New York Times.
- The proxy also says that as board members of the foundation since 2007, the couple may be deemed to share voting and investment power over its 58.7 million Nvidia shares, though neither has a financial interest in them.
- 8 it was investigating reports Jensen had been the target of a foreign intelligence effort, but said it “has no reason to believe that either national security or NVIDIA secrets were compromised.” The independent directors later hired former acting U.S.
- Huang’s position has raised questions about Nvidia’s future, including who would take the reins in his absence, given that he’s the face of the $4 trillion chipmaking giant.
- Its only listed officers, Lori and Jensen, each report working one hour a week, unpaid, and its paid outside help consisted of an investment manager and an accounting firm.
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