Large language models (LLMs) have recently advanced graph neural networks (GNNs) by enriching node representations with semantic information, giving rise to LLM-enhanced GNNs that achieve substantial performance gains. However, how such semantic enhancement affects privacy risks remains largely underexplored. To bridge this gap, we systematically audit the privacy risks of LLM-enhanced GNNs through a unified framework consisting of five stages: (1) dataset preparation, (2) victim model training, (3) privacy attack, (4) risk assessment, and (5) defense analysis. Specifically, our evaluation spans ten text-attributed graph datasets across diverse domains, six privacy attacks, 42 LLM-enhanced GNN configurations, and three more recent language-model backbones. Extensive experiments show that, despite their utility improvements, LLM-enhanced GNNs consistently exhibit greater empirical privacy vulnerability than shallow text representation baselines under the evaluated attacks across diverse models and datasets. Further analysis shows that LLM-enhanced representations exhibit more distinguishable link-, label-, and membership-related signals in the embedding space, making them more exploitable by inference attacks. Finally, we evaluate representative defenses and examine their effectiveness in mitigating these privacy risks. Overall, this work provides a systematic audit of privacy risks in LLM-enhanced GNNs and offers insights for developing more secure and trustworthy graph learning systems.

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