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Nvidia’s AI boom created a $9 billion foundation led by Lori Huang. Here’s where the money has gone.
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Source: Business Insider
Lori Huang is the president of the $9 billion Jen-Hsun and Lori Huang Foundation. She and Jensen Huang created the foundation in 2007, and have since focused donations on education. The foundation's fate remains unclear after Jensen's affair, but history offers some clues. Jensen Huang is out at Nvidia, but there's still a big question over what comes next for the $9 billion foundation that's led by his wife, Lori. The couple established the Jen-Hsun and Lori Huang Foundation in 2007, when it listed $13,000 in net assets and made zero donations, according to a tax filing. It named Lori Huang as president and Jensen Huang as CFO and secretary, neither of whom earned a cent from their roles. Nearly a decade later, the foundation's assets have ballooned to a multibillion-dollar fund, growing alongside Nvidia's power and profits. Now, the foundation's fate is unclear after Jensen Huang's extramarital affair and possible foreign influence scandal. History may offer a clue.
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