How Jensen Huang, CEO of Nvidia, Is Avoiding Billions in Taxes

Published On Dec 5, 2024, 5:02 AM

Jensen Huang, CEO of Nvidia, employs strategic tax avoidance techniques to shield approximately $8 billion of his wealth from federal estate taxes, reflecting a broader trend among the ultra-rich. Despite the estate tax being intended for a small fraction of the wealthiest Americans, its revenues have stagnated, failing to keep pace with the growing wealth of the top 1%. Huang's strategies, common among billionaires, further highlight the systemic loopholes that allow for significant tax reductions.

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Nvidia continues to demonstrate strong leadership in the AI chip market, driven by growing demand for AI technologies. Despite tax strategies of its CEO potentially raising concerns regarding corporate governance, the company's fundamentals remain robust. The overall market for AI hardware is expected to grow, benefiting Nvidia's stock price.

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