Jensen Huang, the CEO of Nvidia (NVDA), is worth $127B and, in theory, when he dies his estate should pay 40% of his net worth to the government in taxes, but he is the beneficiary of a series of tax dodges that will enable him to pass on much of his fortune tax free, Jesse Drucker of The New York Times reports, citing a securities and tax filings reviewed by the Times. The savings for his family are set to be roughly $8B and will likely be among the largest tax dodges in the United States.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- StockTok: Meta to invest $10B in both Louisiana data center and subsea cable
- Investors ‘cannot afford to overlook’ Nebius Group, Citron Research says
- Notable open interest changes for December 4th
- Schneider unveils solutions to address energy, sustainability challenges with AI
- Largest borrow rate increases among liquid names