Lori Huang leads Huang family foundation and co-trustee role in Nvidia stake
Lori Huang, wife of Nvidia CEO Jensen Huang, is listed as president of the couple's roughly $9 billion foundation and is a co-trustee of family trusts holding most of their Nvidia shares, as the company's board reportedly weighs removing Jensen Huang as CEO.
Lori Huang, not her husband Jensen Huang, is listed as president of the Jen-Hsun & Lori Huang Foundation, a philanthropic vehicle that reported about $9.2 billion in assets at the end of 2024. Jensen Huang is listed as the foundation's secretary and chief financial officer. Lori Huang has held the president title on the foundation's filings going back to 2014, and she is also a co-trustee, alongside her husband, of three family trusts.
Those trusts held nearly 669 million Nvidia shares as of March 23. Jensen Huang's beneficial stake in the chipmaker has been reported at 870.6 million shares. The foundation itself holds about 58.7 million Nvidia shares, and the couple may share voting power over those holdings. The arrangement places a large portion of the family's Nvidia position under the joint control of the two spouses, with Lori Huang in a formal leadership role at the foundation.
The disclosures arrive at a sensitive moment for the company. The Nvidia board is reportedly preparing to oust Jensen Huang as chief executive. The reported move follows two extramarital affairs attributed to Huang, one of which reportedly involved a suspected Chinese spy. In a company memo dated Nov. 8, Huang admitted misconduct. Lori Huang has not publicly commented on the memo. Nvidia and the foundation did not respond to requests for comment.
The Nvidia board is separately probing reports of foreign intelligence targeting Jensen Huang. The board has said it has no reason to believe company secrets were compromised. Independent directors have hired the firm of Joon H. Kim to run the investigation. China's foreign ministry has called the spying allegations groundless.
The foundation's activity in 2024 shows how its money has been deployed. It paid no salaries that year, and its officers were unpaid. Grants totaled about $126.3 million, and more than $82 million of that went to the Schwab Charitable Fund. Oregon State University received about $30.5 million. The foundation's required 2025 payout was about $344.6 million, though its 2025 investment return has not been made public.
The foundation has also taken on commercial dealings tied to the AI boom. It bought about $108.3 million in computing capacity from CoreWeave. Separately, the Huangs announced a $75 million matching gift to Vanderbilt University. Taken together, the foundation's filings show a philanthropic organization whose assets are closely tied to the Nvidia shares that anchor the family's wealth, and whose leadership now draws new attention as the company's own governance is under review.
Source: fortune.com
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