Jensen Huang Falls To 10th Place On Forbes Billionaires List

Nvidia CEO Jensen Huang has slipped to tenth place on the Forbes billionaires list. The drop follows reports linking him to a woman described as a suspected Chinese intelligence contact, as Nvidia shares tumbled and China’s Foreign Ministry rejected the espionage claims as baseless.

Jensen Huang speaking on stage in a black leather jacket and glasses. — **Nvidia CEO Jensen Huang. (Photo: REUTERS / Annegret Hilse, file)**

A Steep Slide On The Forbes Rich List

Nvidia chief executive Jensen Huang has dropped to tenth place on the Forbes billionaires list. The fall follows reports that he was romantically linked to a woman U.S. intelligence officials reportedly view as a Chinese intelligence contact. His spot on the Jensen Huang Forbes billionaires list keeps shifting as new details come out.

Reports Link Huang To Alleged Chinese Contact

Earlier reports claimed that businesswoman Alice Huang had a close relationship with the Nvidia boss. The reports also claimed she passed information to Chinese government bodies, though no proof was shown publicly. Huang acknowledged an extramarital relationship, and Nvidia announced an independent investigation. Company spokesperson John Rizzo said earlier that Jensen Huang plans to keep leading the firm.

China’s Foreign Ministry Calls Spying Claims Baseless

China’s Foreign Ministry spokesperson Guo Jiakun addressed the matter at a Monday briefing. He said claims of so called Chinese espionage tied to the Nvidia chief are completely baseless. His comments add another angle to the unfolding Jensen Huang Forbes billionaires list story.

Billions Wiped Out Within Half An Hour

“In the first half hour of trading, Huang’s fortune shrank by 7.4 billion dollars to 154.7 billion, pushing him from eighth to tenth place on Forbes magazine’s billionaires ranking,” the report said.

Nvidia Stock Drops Sharply During Monday Trading

By 01:27 a.m Indian Standard Time, Nvidia shares had fallen 5.33 percent, trading at 176.56 dollars apiece. The steepest drop during Monday’s session reached 8.8 percent. The slide helped push the Jensen Huang Forbes billionaires list ranking even lower.