Jensen Huang’s charitable foundation balloons on Nvidia stock gains

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A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.

Nvidia’s

soaring stock price has supercharged CEO Jensen Huang’s fortunes – as well as his charitable giving.

Over the past five years, the charitable foundation launched by Huang and his wife, Lori, has grown from $828 million in assets to more than $9.1 billion, according to data firm FoundationMark, which tracks the investment performance of private foundations. At its current levels, the Jen-Hsun and Lori Huang Foundation is now one of the 15 largest private foundations in the U.S., rivaling well established philanthropies like the Rockefeller Foundation and the Conrad N. Hilton Foundation, according to FoundationMark.