Jensen Huang Forfeits $108 Million In Unvested Nvidia Equity After Exit

Jensen Huang will forfeit about $108 million in unvested equity compensation after being ousted from Nvidia Corp. - a fraction of his total wealth.
The relinquished awards represent roughly 0.08% of his net worth, according to the Bloomberg Billionaires Index, which puts his fortune at $138.4 billion.

The company's equity compensation policy specifies that unvested RSUs, or restricted stock units, are forfeited once an executive terminates continuous service. He holds about 346,000 such units and would receive about 310,000 shares through the company's equity incentive plan, assuming its performance meets certain targets.

Read: Jensen Huang's 3rd Affair Surfaces Hours After His Exit As Nvidia CEO

Unlike many other tech CEOs, Huang's wealth is derived almost entirely from his holding of Nvidia's common shares, rather than stock options or other forms of equity compensation. Huang controls about a 3.5% voting stake in the Santa Clara, California-based firm, which makes up nearly 97% of his wealth, according to Bloomberg's wealth index.

Since Nvidia only has one class of shares, Huang doesn't hold any privileged voting rights.

Read: 'I'm A Piece Of Sh*t': Inside Jensen Huang's Final Hours As Nvidia CEO

The 63-year-old co-founder, who stepped down following the revelation of two extramarital affairs, was paid about $7.5 million in cash compensation in each of the past two years - a negligible sum relative to his net worth. 

Still, his resignation came at an immediate cost. Nvidia shares plunged as much as 14% in New York before paring losses to close down 4.3% at $166.19, wiping more than $6 billion from Huang's net worth.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)