Key Takeaways
- • Lori Huang, wife of Nvidia CEO Jensen Huang, 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.
- • As of March 23, Lori and Jensen were co-trustees of three family trusts holding nearly 669 million Nvidia shares, most of the 870.6 million shares the Nvidia proxy reports as beneficially owned by Jensen.
- • The foundation's net assets climbed from about $819 million at the end of 2020 to more than $9.1 billion at the end of 2024, with roughly $5 billion in paper gains in 2024 alone.
- • The foundation paid out about $126.3 million in grants in 2024, including more than $82 million to Schwab Charitable Fund, and was required to distribute roughly $344.6 million in 2025 under federal payout rules.
- • Jensen Huang resigned as Nvidia CEO after admitting to extramarital affairs, with the board naming CFO Colette Kress interim CEO; Lori Huang has not commented publicly.
Summary
Lori Huang holds the top title at the Huangs' family philanthropy even as her husband, Jensen Huang, has resigned as chief executive of Nvidia, the company announced Thursday. According to Fortune's review of the foundation's tax filings, Lori is president of the Jen-Hsun & Lori Huang Foundation, which reported about $9.2 billion in assets at the end of 2024. Jensen is listed as secretary and CFO, and Lori has held the president title on every available filing dating back to 2014. The resignation follows a company memo, made public on Nov. 8, in which Jensen admitted to extramarital actions. The New York Times reported that the affairs involved a suspected Chinese spy and Kimberly Powell, Nvidia's vice president of health care. Nvidia's board said it was investigating reports that Jensen had been the target of a foreign intelligence effort, and that it "has no reason to believe that either national security or NVIDIA secrets were compromised." Former acting U.S. Attorney Joon H. Kim and Wachtell, Lipton, Rosen & Katz were hired to run the probe. China's foreign ministry has called the spying allegations groundless.
Lori's influence also extends to most of the family's Nvidia holdings. As of March 23, according to Nvidia's latest proxy statement, Lori and Jensen were co-trustees of three family trusts holding nearly 669 million Nvidia shares. That represents most of the 870.6 million shares, worth roughly $151 billion as of late Nov. 11, that the proxy lists as beneficially owned by Jensen, a figure that also includes the foundation's stock. The proxy further states that the couple, as foundation board members since 2007, may be deemed to share voting and investment power over the foundation's 58.7 million Nvidia shares, though neither has a financial interest in them.
The foundation's growth has tracked the Huangs' stock gifts and Nvidia's rise. Its net assets rose from about $819 million at the end of 2020 to more than $9.1 billion at the end of 2024, with about $8.6 billion of holdings in stocks that year. In June and September 2024, the couple, as co-trustees of their living trust, gave the foundation a combined 1.3 million Nvidia shares, valued at about $160 million. The foundation reported no salaries in 2024; its only listed officers, Lori and Jensen, each report one unpaid hour a week. In 2024 it paid about $126.3 million in grants, with more than $82 million going to Schwab Charitable Fund and about $30.5 million to Oregon State University. Crisis Text Line received about $10.8 million. The filing shows a required 2025 distribution of roughly $344.6 million, though the 2025 return has not been made public. Nvidia and the foundation did not respond to requests for comment.
Lori's influence also extends to most of the family's Nvidia holdings. As of March 23, according to Nvidia's latest proxy statement, Lori and Jensen were co-trustees of three family trusts holding nearly 669 million Nvidia shares. That represents most of the 870.6 million shares, worth roughly $151 billion as of late Nov. 11, that the proxy lists as beneficially owned by Jensen, a figure that also includes the foundation's stock. The proxy further states that the couple, as foundation board members since 2007, may be deemed to share voting and investment power over the foundation's 58.7 million Nvidia shares, though neither has a financial interest in them.
The foundation's growth has tracked the Huangs' stock gifts and Nvidia's rise. Its net assets rose from about $819 million at the end of 2020 to more than $9.1 billion at the end of 2024, with about $8.6 billion of holdings in stocks that year. In June and September 2024, the couple, as co-trustees of their living trust, gave the foundation a combined 1.3 million Nvidia shares, valued at about $160 million. The foundation reported no salaries in 2024; its only listed officers, Lori and Jensen, each report one unpaid hour a week. In 2024 it paid about $126.3 million in grants, with more than $82 million going to Schwab Charitable Fund and about $30.5 million to Oregon State University. Crisis Text Line received about $10.8 million. The filing shows a required 2025 distribution of roughly $344.6 million, though the 2025 return has not been made public. Nvidia and the foundation did not respond to requests for comment.
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