Nvidia CEO Huang has billions at foundation where he logs 1-hour weeks

Nvidia Corp.’s stock surge over the past two years has, in theory, created a multibillion-dollar windfall for the philanthropic world – but only if Chief Executive Officer Jensen Huang and his wife Lori give the money away.

The couple had stockpiled 69 million Nvidia shares in the Jen-Hsun & Lori Huang Foundation by the end of 2022 through repeated annual donations that began almost two decades ago, public tax filings show. The blistering rally in the company’s stock puts the value of that stake at more than $8 billion, according to John Seitz, the founder of FoundationMark, a firm that tracks foundations’ investment performance.