Analysis: Jensen Huang holds a 3.58% stake in Nvidia; if he departs, it would not force him to sell Nvidia shares.

November 12: Nvidia's proxy statement filed with the U.S. SEC for its annual shareholder meeting shows that, as of March 23, 2026, Jensen Huang directly and indirectly holds approximately 871 million Nvidia shares, representing 3.58% of the company's issued common stock. Jensen Huang's personal net worth has decreased by more than $50 billion over the past month, falling to approximately $140 billion.

The vast majority of Nvidia shares held by Jensen Huang are in fact jointly owned with his wife, Lori Huang. Among them, the main family trust of Jensen Huang and his wife Lori Huang holds approximately 529 million shares, while two irrevocable trusts hold approximately 31.42 million shares and 109 million shares respectively. Four limited liability companies under the main family trust additionally hold approximately 73.27 million shares. The three trusts and four companies together hold approximately 742 million shares.

Jensen Huang and his wife are co-trustees of the three trusts and share voting rights and investment decision-making authority over the relevant shares. The filing also includes approximately 58.68 million shares held by a charitable foundation on whose board Jensen Huang and his wife serve as directors as beneficially owned shares, but explicitly states that the couple does not enjoy the economic benefits of these shares. Jensen Huang directly holds approximately 70 million Nvidia shares, valued at approximately $12 billion.

CNBC reporter Robert Frank, citing the views of trust and estate planning lawyers, said that it is not uncommon for tech company founders to hold shares through trusts, but it is relatively rare to place the vast majority of shares in structures co-managed with a spouse. In addition, Robert Frank said that even if Jensen Huang were removed from his position as Nvidia CEO, the job change itself would not force him to sell shares.

Frank also distinguished between departure and share division scenarios. He cited Amazon founder Bezos as an example: when Bezos divorced, some Amazon shares were transferred to his ex-wife, who subsequently sold some of her holdings. But Jensen Huang's situation is different: his wife Lori Huang is already a co-trustee of multiple family trusts, and the two jointly manage the relevant shares; these shares are not all held by Jensen Huang personally and then transferred by him to the other party.

Frank noted that some shares are held by irrevocable trusts, and even if a share division were involved in the future, handling would be more complicated, and it cannot be assumed that either party could unilaterally sell as they would with personally held direct shares. This shareholding structure is a stabilizing factor for Nvidia shareholders: regardless of whether Jensen Huang continues as CEO, personnel changes should not be directly interpreted as a large block of shares being about to be sold.