Jensen Huang will give up about $108 million in unvested equity compensation after leaving Nvidia Corp., but the amount is a small slice of his overall fortune.
According to the Bloomberg Billionaires Index, the forfeited awards equal roughly 0.08% of his net worth. The index puts his total fortune at $138.4 billion.
Nvidia’s equity compensation policy says unvested restricted stock units, or RSUs, are forfeited once an executive’s continuous service ends. Huang holds about 346,000 such units. Under the company’s equity incentive plan, he would have received about 310,000 shares, provided the company met certain performance targets.
Huang’s wealth comes almost entirely from his holding of Nvidia’s common shares, not from stock options or other equity awards, which sets him apart from many other tech chief executives. He controls about a 3.5% voting stake in the Santa Clara, California-based company. Those shares make up nearly 97% of his wealth, according to Bloomberg’s index.
Nvidia has only one class of shares, so Huang has no special voting rights.
The 63-year-old co-founder stepped down after two extramarital affairs came to light. His cash pay was about $7.5 million a year in each of the past two years, a modest sum next to his net worth.
His departure still carried an immediate financial cost for him. Nvidia shares fell as much as 14% in New York trading before recovering most of that drop. The stock closed down 4.3% at $166.19. The fall wiped out more than $6 billion from Huang’s net worth.