Three Nvidia Executives Lose Billionaire Status, Forbes Estimates

The magazine, in a Nov. 13 assessment using values as of the Nov. 12 close, put the net worth of each of the three at about $900 million, down $300 million since Nvidia shares peaked on Oct. 6.

Kress, Puri and Seawell

The group is Colette Kress, the company’s chief financial officer and interim chief executive; Jay Puri, the former executive vice president of worldwide field operations; and Brooke Seawell, a director since 1997.

Forbes said Kress and Seawell each hold about a 0.018% stake, now valued at $700 million. Puri’s 0.015% stake is valued at $600 million, with all three estimated at roughly $900 million overall.

Puri, who joined Nvidia in 2005, retired in August and moved into an advisory role. He had also been mentioned as a possible successor to Huang.

Seawell, a venture capitalist, joined the board when he was an executive at NetDynamics.

Shares Fall From October Peak

Forbes said Nvidia shares were down 11% after Huang admitted he had been unfaithful, and 31% from their October peak as of the Nov. 12 close.

The company’s market value had reached a record $5.8 trillion on Oct. 6. Huang resigned as chief executive and a director on Nov. 12.

The magazine estimated that the drop shaved $62 billion from Huang’s fortune, to about $145 billion, taking him out of the ranks of the world’s 10 richest people.

Other Nvidia Fortunes

Six other current and former Nvidia executives and directors saw their combined net worth fall by $5.6 billion, to an estimated $21 billion, Forbes said. Three of those six are no longer billionaires.

The largest losses besides Huang’s were recorded by directors Mark Stevens and Tench Coxe, whose fortunes fell by $2 billion and $2.2 billion, to about $9.7 billion and $7 billion.

Forbes said Stevens has sold $1.4 billion of Nvidia stock before taxes so far in 2026. SEC filings earlier showed a trust he co-runs sold about $947 million of shares in late August and mid-September.

Harvey C. Jones, named the board’s first chair the day Huang left, remains a billionaire at an estimated $1.7 billion, down $500 million.

Huang Weighs a Return

The Financial Times later reported that Huang was considering a return as chief executive, with Silicon Valley allies lobbying the board.

Nvidia is due to report quarterly results on Tuesday, its first earnings under Kress.