Jensen Huang loses $108 million in Nvidia equity after exit
What's new: Nvidia shares rebounded 1.8% in premarket trading after a 4.3% drop erased more than $6 billion from Huang's net worth.
Former Nvidia CEO Jensen Huang is set to forfeit about $108 million in unvested equity after resigning amid a scandal involving reported extramarital relationships. The lost compensation includes roughly 346,000 restricted stock units and about 310,000 additional shares tied to performance targets under Nvidia's incentive plan. Bloomberg data cited by The Business Times put Huang's fortune at $138.4 billion, with nearly all of it tied to his Nvidia stake. Nvidia shares swung sharply after his departure, falling as much as 14% before closing down 4.3% at $166.19 on Thursday. CNBC reported the stock was up 1.8% in premarket trading Friday as investors weighed the fallout from the co-founder's exit.