According to a report published by the New York Times, Nvidia CEO Jensen Huang and his wife Lori are among the largest tax dodgers in the U.S. Huang is ranked the 10th richest person in the U.S., with a $127 billion fortune. Still, the NYT reckons a string of tax dodges already in place will reduce his family’s estate (inheritance) tax bill by roughly $8 billion.
No laws are being broken here; the exploitation of entirely legal swerves and loopholes to minimize the estate tax (40%) will need to be paid by those who will inherit the Huang family’s wealth. The NYT notes that the Huangs’ tax avoidance techniques are “ubiquitous among the ultrawealthy,” but it is interesting to see these figures revealed for the iconic tech CEO.
