Nvidia co-founder Jensen Huang has seen his fortune soar to $119 billion, making him richer than Walmart heirs and the most valuable company in the world. The spike in his wealth is largely due to Nvidia’s successful performance in the AI investment craze, with better-than-expected quarterly earnings and revenue figures. Huang, who wears a leather jacket and supposedly has an Nvidia tattoo, owns a 3.5% stake in the chipmaker, driving his net worth up by $75 billion in the past year. Despite moving to the U.S. as a child and enduring tough times at a Kentucky boarding school, Huang excelled in his studies and eventually founded Nvidia in 1993 along with his friends. The company has since become a key player in the AI industry, supplying hardware to major companies like OpenAI, Google, Microsoft, and Amazon.
Huang’s interest in computers started early, and he studied electrical engineering at Oregon State University before earning a Master’s degree from Stanford. He met his wife Lori at college, and they have two children together. After working at chip companies like LSI Logic and Advanced Micro Devices, Huang founded Nvidia at a Denny’s restaurant with two friends. Despite being older than Bill Gates and Jeff Bezos when they stepped down from day-to-day operations, Huang shows no signs of slowing down. He believes that generative AI has reached a new tipping point, with increased demand worldwide.
Nvidia’s success has propelled Huang to the top of the billionaire index, surpassing notable names like the Waltons. The company’s market capitalization of $3.35 trillion makes it the most valuable company worldwide, outpacing even Apple. Huang’s journey from Taiwan to the U.S., combined with his perseverance and vision, has led him to become one of the biggest winners in the AI boom. His dedication to building a once-in-a-generation company with his friends remains unwavering, signaling continued success for Nvidia under his leadership.
In conclusion, Jensen Huang’s remarkable rise to becoming one of the wealthiest individuals in the world showcases his entrepreneurial spirit, technological prowess, and commitment to innovation in the AI industry. Through Nvidia’s strategic positioning and his leadership, Huang has solidified his place among the top leaders driving the future of technology.
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https://www.businessinsider.com/nvidia-jensen-huang-chipmaker-cofounder-ceo-wealth-net-worth-ai-2023-5?amp