forbes

According to Forbes, the board of directors of Nvidia is preparing to dismiss CEO Jensen Huang, who has served for 33 years, and may hold a meeting on November 11. Forbes reports that since The New York Times first reported on October 29 about Huang's relationship with Megaspeed executive Huang Le, Nvidia's market value has evaporated by approximately $1 trillion. In after-hours trading on November 11, the stock price fell another 8%. Wedbush analyst Dan Ives warned that if Huang is dismissed, the market value could evaporate another $1 trillion to $1.2 trillion.On November 8, Huang admitted to being unfaithful in a letter to employees. An Nvidia spokesperson stated that Huang is committed to leading Nvidia without interruption. On November 11, The New York Times reported again that Huang has an extramarital affair with Kimberly Powell, the vice president of the company's healthcare business who reports to him. Forbes cited that before this report was released, Doug Clinton from Intelligent Alpha estimated the likelihood of Huang leaving the CEO position at 10% to 20%, while Yale professor Jeffrey Sonnenfeld believed the chances of staying or leaving were equal.Forbes stated that Nvidia does not have a public succession plan, and Huang has 60 direct subordinates. Newsweek believes that if he steps down, CFO Colette Kress may serve as interim CEO. Nvidia has set its third-quarter revenue guidance at $10.8 billion, with analysts expecting a year-over-year growth of about 91%. The company is scheduled to announce its financial report on November 17. Forbes also cited SFist, stating that if Huang's wife files for divorce, under California's community property rules, the settlement amount could be between $62.6 billion and $81.1 billion.

After Nvidia founder Jensen Huang admitted to an extramarital affair, the outside world began to calculate the potential property division if he were to divorce. According to Forbes, Jensen Huang currently has a net worth of approximately 155.2 billion dollars. Under California's community property system, assets acquired during the marriage are generally divided equally between the spouses. If this wealth is entirely considered community property, his wife Lori Huang could theoretically receive about 77.6 billion dollars, equivalent to over 500 billion yuan.The two met before Nvidia was founded. Jensen Huang met 19-year-old Lori when he was 17 at Oregon State University, where both were electrical engineering students and lab partners. Jensen Huang recalled that there were about 250 students in the entire program, with only 3 being female. To pursue Lori, he suggested they do homework together every Sunday and promised he could help her get all A's; he would complete the assignments in advance and show her the answers when they met.Jensen Huang also promised Lori that he would become a CEO before turning 30. The two married in 1985 and have been together for 41 years. In 1993, Jensen Huang founded Nvidia and became CEO at the age of 30. Lori was originally a chip engineer but later left the workforce to take care of their children. Jensen Huang has publicly stated that his wife has been involved in every step of Nvidia's development, accompanying him to almost every press conference and important speech. He even joked with company executives that since their marriage, his wife has handled almost all household affairs, including signing documents and managing family finances, to the extent that he doesn't even know the address of their home and never personally pays the bills.

According to Forbes' real-time billionaire list, as of the local time on November 5, the closing of the U.S. stock market, Elon Musk's personal wealth is approximately $789.5 billion, a decrease of $79.3 billion in a single day.The Bloomberg Billionaires Index shows his personal wealth is approximately $785 billion, a decrease of $79.7 billion in a single day. On that day, Tesla's stock price fell by 10.77%, and SpaceX's stock price fell by 9.05%.

Binance founder Changpeng Zhao clearly stated in an interview with The New York Times that his lifestyle is not like that of an ordinary billionaire. Forbes estimates his net worth to be over $100 billion, but Changpeng Zhao insists that the actual figure is much lower, around $10 billion to $30 billion.He said that even with just a small portion of that, he could live very comfortably—only needing $10 million.

According to @wallstengine citing Forbes data, six employees who left OpenAI to found Anthropic in 2021 recently made it onto the Forbes 400 billionaires list, each with an estimated net worth of about 15.5 billion dollars.These six individuals are Daniela Amodei, Dario Amodei, Tom Brown, Jack Clark, Jared Kaplan, and Sam McCandlish, with a total net worth of about 93 billion dollars. Forbes estimates that each holds approximately 1.6% of Anthropic, which was valued at 96.5 billion dollars this May.

As the US dollar stablecoin continues to dominate the on-chain payment market, Europe is accelerating the development of a digital currency system that reflects its own regulatory framework, monetary sovereignty, and privacy standards, gradually forming two parallel paths: "digital euro + private euro stablecoin." Among them, the European Central Bank is prioritizing privacy protection as an important design focus for the digital euro. Piero Cipollone, a member of the Executive Board of the European Central Bank, stated that the digital euro will provide the highest possible level of privacy under current technological conditions, with offline payments visible only to the payer and payee; in online transactions, the euro system cannot directly identify specific individuals, but banks can still obtain the information required for anti-money laundering.At the same time, private institutions have taken the lead in promoting euro stablecoins. Revolut has begun rolling out EURR to some users in Denmark, Poland, and Portugal, with plans to expand to the entire European Economic Area in the future. EURR operates on Ethereum and is issued by Bridge Building, a subsidiary of Stripe, aiming to maintain a stable value against 1 euro. Forbes points out that the digital euro and EURR are not simply in a substitutive relationship: the former is a public currency issued by the central bank, while the latter is a privately issued on-chain stablecoin. The European digital currency market is developing along these two models simultaneously, with competition focusing on privacy, usability, regulatory clarity, and actual economic value.

An article in Forbes states that U.S. Vice President JD Vance's previous views on the global reserve status of the dollar have sparked discussions about the long-term contradictions of the dollar system. The article argues that while the dollar, as a global reserve currency, brings financing advantages, it also creates the "Triffin Dilemma": a national currency struggles to simultaneously meet domestic economic needs and global reserve demands.The article points out that the dollar's reserve status drives global capital inflows into the U.S., enhancing the dollar's value, allowing American consumers to access cheap imported goods, but simultaneously weakening the competitiveness of U.S. manufacturing and exacerbating trade deficits. The author believes that after the end of the Bretton Woods system and the suspension of gold convertibility in 1971, the dollar system continued to operate through U.S. Treasury bonds and the global dollar market, but the core contradictions have not disappeared. Stablecoins, while able to expand the use of the dollar, still rely on U.S. government debt and cannot completely resolve the issue of reserve assets depending on a single country's liabilities.The article states that while gold has non-sovereign attributes, it faces limitations in transportation, verification, and settlement efficiency. Bitcoin, with its fixed supply, lack of need for state credit endorsement, global verifiability, and rapid digital settlement features, may become a new neutral reserve asset. The author suggests that in the future, the dollar can continue to serve as a global transaction and commercial currency, while Bitcoin may gradually take on more roles as a reserve asset, thereby alleviating the global monetary system's dependence on a single country's liabilities. However, the article also notes that Bitcoin currently faces issues such as price volatility, limited institutional adoption, and insufficient maturity of custodial systems. Gold has a financial history spanning hundreds of years, while Bitcoin has only existed for 17 years, and whether it can become a global reserve asset still requires time to verify.

According to Forbes, after Trump and Musk publicly fell out last year, they currently talk about once a month, often discussing topics such as artificial intelligence and international affairs. However, Trump privately admits that their relationship "will never be the same as it was before."The late conservative activist Charlie Kirk, White House Chief of Staff Susie Wiles, and Vice President JD Vance have pushed for repairing the relationship between Trump and Musk, believing that this relationship is too important to lose.In May of this year, Musk visited China with Trump and other business executives, where they discussed Musk's plans to build new factories in the U.S., family matters, and Musk's plan to invest $100 million to help the Republican Party win the November elections.In an interview with The Economist last month, Musk stated that he had previously "been a bit too involved in politics, and frankly, it got a little out of control." During the fallout last year, Musk publicly criticized Trump administration policies and even called for Trump's impeachment at one point, later deleting some related posts and expressing regret for some of his criticisms of Trump.

According to Forbes, the scale of the theft in the Coldcard hardware wallet vulnerability incident has risen to approximately $130 million, involving about 2,000 BTC and over 5,200 addresses, reigniting the industry's debate over who should hold private keys. Data from Bitcoin Magazine shows that in the days following the incident, the net inflow into U.S. spot Bitcoin ETFs was $626 million, with some opinions suggesting that the vulnerability may drive more funds towards ETFs.Reports indicate that supporters of self-custody remain undeterred. Casa co-founder Jameson Lopp stated that confidence in self-custody should not be lost due to recent events, as custodial institutions also rely on random number generators. Bitcoin core early developer Peter Todd noted that the historical record of self-custody is far better than that of third parties. Another viewpoint argues that both reflexive choices have flaws. Onramp co-founder Michael Tanguma stated that if the only answer is Coinbase or ETFs, it poses a serious problem, as centralizing what should be decentralized assets undermines their foundation, advocating for a multi-institutional custody solution where keys are held by multiple regulated entities.

Forbes has selected 10 cryptocurrencies worth investing in based on the utility or value storage attributes of the tokens, combined with indicators such as performance over the past 7 days and 24-hour trading volume. The selected projects all have a market capitalization exceeding $5 billion, namely BTC, ETH, BNB, XRP, SOL, TRON (TRX), HYPE, RAIN, LEO, and Zcash (ZEC).Forbes states that Bitcoin and Ethereum are widely regarded as the "gold and silver" of the cryptocurrency world, with current market capitalizations of approximately $1.289 trillion and $21.647 billion, respectively, accounting for about 68% of the entire crypto market. In its selection methodology, Forbes considered the fundamental use of each crypto asset, excluding stablecoins, wrapped crypto assets, liquid staking tokens, and meme coins, focusing on projects with clear investment logic that are expected to appreciate as adoption and utility increase.

According to the latest global billionaire list released by Forbes, the personal wealth of Tesla and SpaceX leader Elon Musk once soared to an astonishing $1.4 trillion, setting a new historical record.

The global stablecoin payment infrastructure platform WasabiCard has been featured in a special report by Forbes, which discusses the challenges faced by stablecoin payments in becoming mainstream applications and includes an interview with WasabiCard co-founder and CEO Ray Yang. The report points out that as stablecoin applications gradually extend from crypto trading to real business scenarios such as corporate payments and cross-border settlements, the underlying payment infrastructure is becoming a key driver of industry development.In the interview, Ray Yang stated: "At this stage, the development of stablecoin payments still faces dual challenges in technology and regulation. From a technical perspective, the core issue is no longer the transfer of funds itself; rather, the key lies in licensing qualifications, compliance systems, risk management capabilities, and banking network capabilities."Ray Yang further pointed out that the key to achieving large-scale commercialization of stablecoin payments does not lie in the payment capability itself, but in whether a global infrastructure can be built to connect digital assets with the traditional financial system. As a global stablecoin payment infrastructure platform, WasabiCard continues to focus on the global payment network, compliance systems, and enterprise-level payment capabilities, committed to promoting the widespread application of stablecoins in real business scenarios.This special report by Forbes reflects the ongoing attention of international mainstream financial media to the development trends of stablecoin payment infrastructure and indirectly highlights the growing importance of compliance and the value of building scalable global payment networks in the market.

According to Forbes, although the trading volume of stablecoins has exceeded $1 trillion in the past year, most activities are still concentrated in the crypto-native space (trading, arbitrage, and inter-protocol settlement), with limited applications in everyday commercial payments. WasabiCard CEO Ray Yang pointed out that the transfer of funds is no longer the core issue; licensing, compliance, risk management, and banking capabilities are the key foundations for achieving widespread adoption.Forbes noted that while stablecoin settlement can significantly enhance cross-border payment efficiency, each market has different compliance standards, licensing requirements, and banking relationships, making the construction of localized compliance in each market both slow and expensive, which contradicts the instant global settlement that stablecoins advocate. Currently, the stablecoin market has surpassed $320 billion, and industry discussions are shifting from whether stablecoins can replace existing networks to how they can be integrated into existing networks.Forbes believes that the challenge of the last decade was to get funds flowing, while the challenge of this decade is to ensure that global payments operate in compliance and at scale within a fragmented regulatory environment.

According to Forbes, the decentralized derivatives platform Hyperliquid has launched the pre-IPO perpetual contract for SpaceX (SPCX-USDC) on Trade.xyz, sparking a global regulatory gray area controversy. This contract allows leveraged trading without holding any shares of SpaceX and has not been authorized by the company, with an initial reference price of $150, corresponding to an implied valuation of approximately $1.78 trillion, which quickly surged to $216.It is reported that this contract is settled in USDC, with prices derived from market oracles, and is not linked to SpaceX's actual financials or equity structure. SpaceX itself has neither authorized nor participated in this market, yet its valuation is being priced and traded in real-time on-chain, leading to the controversy of "private company price discovery being taken over by decentralized derivatives." This market originates from Hyperliquid's HIP-3 mechanism, which supports the notion that the valuations of private companies may be being repriced by on-chain derivatives, while the regulatory framework has yet to be established.

According to Forbes, U.S. Treasury Secretary Scott Bessent stated that the U.S. Treasury has frozen nearly $500 million in cryptocurrency assets related to the Iranian regime, including $344 million frozen last month.The report states that Iran currently controls about $7.7 billion in digital assets and uses Bitcoin to settle payments for shipping insurance via the Strait of Hormuz.The U.S. is intensifying its crackdown on Iran's cryptocurrency activities to cut off its channels for evading sanctions and transferring funds. Industry insiders say that cryptocurrency transactions can still be tracked, and the U.S. may further pressure by restricting cryptocurrency exchanges' access to the U.S. banking system.

According to Forbes, SBF's early investment portfolio is being re-evaluated by the market, with some opinions suggesting that if he had not been imprisoned due to the FTX collapse, his venture capital layout could theoretically yield a wealth increase of up to about $100 billion.Before the FTX collapse, SBF had established an investment landscape covering several star companies, including Anthropic, SpaceX, Robinhood, and the AI programming tool Cursor, which was considered to have significant foresight.Industry insiders pointed out that he had bet on key tracks ahead of the AI wave, among which: Cursor recently reached a partnership with SpaceX, with a valuation potentially reaching $60 billion, and Anthropic's valuation is nearing $90 billion. Rory O'Driscoll, a partner at Scale Venture Partners, stated that SBF had laid out investments in several core AI companies before ChatGPT, "demonstrating a rare investment sensitivity." However, this "investment talent narrative" was ultimately completely altered by the FTX collapse.SBF is currently serving a 25-year sentence for misappropriating over $8 billion in customer funds. At his peak, his personal wealth reached about $24 billion, and he made it onto the Forbes 400 list. Today, his venture capital capabilities are intertwined with his history of financial crime, making him one of the most controversial cases in cryptocurrency history.

Eric Trump, the second son of Trump, responded to Forbes' criticism of his significant arbitrage through the Bitcoin business, which harms MAGA investors. Eric stated that Forbes has become a disgrace in the journalism industry. Just over a year ago, his Bitcoin company American Bitcoin (ABTC) did not exist. 7 months and 25 days ago, ABTC was listed on Nasdaq, and today it holds over 7,000 Bitcoins, becoming the 16th largest publicly traded Bitcoin company in the world, backed by a massive cluster of nearly 90,000 mining machines and a computing power of 28 EH/s, using the highest quality energy in the United States.In just the fourth quarter, the Bitcoin on the balance sheet increased by 58%, with mining costs 53% lower than the market price of Bitcoin, and fourth-quarter revenue reached $78.3 million, a quarter-over-quarter increase of 22%. American Bitcoin can be said to be the company that has entered the "top 100" ranking in this field at the fastest speed, and it is actively expanding its mining scale every day. This narrative is strikingly similar to Forbes' rhetoric from years ago.According to previous reports from ChainCatcher, Forbes published an article criticizing Eric Trump's Bitcoin business as a disaster, pointing out that Eric Trump promotes his Bitcoin company American Bitcoin (ABTC) as a money printer, but in reality, it is just an arbitrage tool specifically designed to exploit those investors who support MAGA (Make America Great Again).

Forbes published an article criticizing Eric Trump's Bitcoin business as a disaster, pointing out that Eric Trump promotes his Bitcoin company American Bitcoin (ABTC) as a money printer, but in reality, it is just an arbitrage tool designed to exploit investors who support MAGA (Make America Great Again). American Bitcoin was established in 2025 and quickly went public on NASDAQ, leveraging the Trump family brand and the Bitcoin craze to push its valuation to $13.2 billion.Eric Trump vigorously promoted the company as the "leader in the Bitcoin world" during the earnings call, but the actual company has only a few full-time employees and mainly relies on story marketing rather than solid operations. The company continuously sells overvalued stock to buy Bitcoin, while Eric has almost no investment, yet has increased his personal wealth from about $190 million to $280 million, with other insiders also profiting significantly.Meanwhile, ordinary investors, especially MAGA supporters, have suffered heavy losses. Over the past eight months, American Bitcoin's stock has dropped about 92% from its peak, resulting in cumulative losses of about $500 million for investors. Forbes questions the actual profitability of American Bitcoin's Bitcoin mining business, believing that its advertised "half-price mining" is difficult to achieve and is more about using the Trump brand for high-priced stock dumping.