Nvidia CEO Jensen Huang’s net worth skyrocketed by over $4 billion on Tuesday, making him the 11th-richest person in the world. This surge in wealth is due to Nvidia’s significant increase in value and its artificial intelligence-driven growth, which has made it the most valuable public company globally.
Huang’s net worth now stands at around $119 billion, surpassing India’s richest person, Mukesh Ambani, and trailing behind former Microsoft CEO Steve Ballmer. With a 3% stake in Nvidia, Huang’s net worth has soared from $77 billion at the beginning of the year to $119 billion as of Tuesday, as the company’s market cap increased by an impressive 177% to $3.33 trillion.
In a recent securities filing, Nvidia disclosed that Huang plans to sell 600,000 shares of the company by March 2025. This could potentially yield him over $81 million based on the current share price. Since 2019, Huang’s net worth has increased by an astonishing $114 billion, moving him from the 546th-richest person in the world to the 11th-richest.
As co-founder of Nvidia in 1993 and currently serving as its CEO and president, Huang has seen his company thrive through its continued growth and dominance in the tech industry. Nvidia’s value surged particularly in trading within its artificial intelligence chip market and surpassed giants like Microsoft and Apple after a recent stock split that decreased its share price from above $1,200 to below $130. Forbes has ranked Nvidia as the most valuable public company worldwide due to these developments.
Overall, this latest achievement reflects Nvidia’s continued success and innovation within the tech industry while also highlighting Jensen Huang’s leadership skills and contributions towards achieving this milestone.
