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His infidelity and relationship with an alleged Chinese spy could cost Jensen Huang, CEO and president of NVIDIA, billions of dollars. Or at least that is what divorce and investment experts are predicting. Why? We give you the details below.
After admitting that he was unfaithful to his wife and colleague Lori Huang with tech executive Alice Huang, who is linked to Megaspeed, experts predict that the billionaire could lose part of his $154 billion fortune in the event of a divorce and for other business reasons.
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It has been reported that, following his scandal, he has transferred 740 million shares to a network of family trusts and limited liability companies.
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In addition to this, it is projected that he would give at least 335 million shares, worth up to $60 billion, to his wife in the event of a divorce after 40 years of marriage.
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A high-net-worth divorce attorney told the New York Post that the billionaire could surrender up to 50 percent of his assets and fortune to his wife, according to the legal guidelines in Los Angeles where the billionaire couple resides.
"In California, all assets acquired by a spouse during the marriage are community property. She would be entitled to 50 percent," noted Christopher Melcher, a California attorney.
"We are a no-fault state. Therefore, evidence of infidelity is inadmissible in court and does not affect their rights," he added.
According to the predictions, Lori Huang could claim 670 million shares worth approximately $60 billion if they qualify as community property and there is no prenuptial agreement signed by both parties.
Following the scandal, rumors emerged that the tycoon and his wife do not have a prenuptial agreement, which would cause Huang to spend at least $81 billion on the legal separation, which would be the most expensive divorce in history.
This information has not been confirmed, even though multiple media outlets and experts have alluded to it as truth.
Media outlets like Forbes have compared the divorces of other tycoons to what could be the case for Huang and his wife. It is known that Jeff Bezos separated from MacKenzie Scott, giving her a stake in Amazon worth $36 billion. For his part, Bill Gates gave Melinda French at least $12.5 billion for donations to multiple social initiatives.
Another high-net-worth divorce attorney in California, known as Robert Fazard, says there is a low probability that such a prenuptial agreement exists between the NVIDIA CEO and Lori Huang: "The odds of them having a prenuptial agreement are very low. They met very young in college, and he had nothing when they met," he pointed out.
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