Lori Huang, not Jensen, is president of the Huangs’ $9 billion foundation—and co-trustee of the trusts holding most of their Nvidia stake
Jensen Huang resigned as Nvidia's CEO after admitting to extramarital affairs, with interim leadership passed to CFO Colette Kress. Lori Huang, Jensen’s wife, serves as president of the Huangs’ $9+ billion foundation and co-trustee of family trusts that hold most of Nvidia stock, signaling a significant parallel influence at the intersection of philanthropy and corporate equity. The move creates questions about Nvidia’s future leadership and governance while the foundation expands its charitable footprint, including large stock gifts and multi-year commitments. Ongoing investigations into foreign interference and the foundation’s scale suggest implications for both the company’s leadership narrative and its philanthropic strategy, with continued public attention on how assets and influence are managed going forward.
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The board appointed Chief Financial Officer Colette Kress as interim CEO following Jensen Huang’s resignation, amid revelations of two extramarital affairs that drew scrutiny from investors and media.
Lori Huang holds the top executive title at the Jen-Hsun & Lori Huang Foundation, which reported about $9.2 billion in assets at the end of 2024 and has consistently listed Lori as president since 2014.
As of March 23, Lori and Jensen were co-trustees of three family trusts that collectively held nearly 669 million Nvidia shares, constituting the majority of Jensen’s reported 870.6 million shares.
The foundation’s stake includes 58.7 million Nvidia shares, with potential shared voting and investment power by the couple, though neither claims a direct financial stake in those particular holdings.
In 2024, the foundation distributed about $126.3 million in grants, with major recipients including Schwab Charitable Fund, Oregon State, and Crisis Text Line; it did not report salaries for 2024, and officers worked about one hour weekly unpaid.
Public filings show the foundation received and gifted Nvidia stock in 2024, including a 1.3 million-share transfer valued around $160 million, and a separate 688,000-share transfer to a donor-advised fund.
2025 filings indicate a required payout of roughly $344.6 million under federal rules, while philanthropic activities included a $5 million annual commitment to the San Francisco Opera and a $75 million matching gift from the Huangs to Vanderbilt University’s San Francisco campus.
Recent philanthropy also included a substantial investment in computing capacity from CoreWeave (~$108.3 million) to support university and nonprofit research initiatives, underscoring the foundation’s strategic focus on technology and education.