Nvidia CEO Jensen Huang’s net worth has skyrocketed by over $4 billion, propelling him to the 11th spot on Forbes’ real-time billionaires list. This surge in wealth follows Nvidia becoming the world’s most valuable public company, driven by AI technology. When the company’s shares jumped over 3% on June 18, Huang’s net worth soared to approximately $119 billion. Since co-founding Nvidia in 1993 and serving as CEO and president, Jensen Huang has seen the company’s value rise significantly. The recent stock split brought Nvidia’s stock price down to under $130 after reaching over $1,200. As of early 2024, Huang’s net worth was estimated at $77 billion, but it has now surged to $119 billion due to Nvidia’s market capitalization reaching $3.33 trillion, a 177% increase.
Huang’s latest ranking makes him richer than Mukesh Ambani and puts him just behind former Microsoft CEO Steve Ballmer on the Forbes rich list. He owns a 3% stake in Nvidia and recently announced plans to sell 600,000 shares of the company by March 2025. In just five years, Huang’s net worth has soared by $114 billion, marking a significant leap from being ranked 546th richest person in 2019 to now claiming the 11th position. Last year, he was valued at $21 billion, ranking as the 76th richest person in the world.
With his wealth expanding exponentially, Jensen Huang’s fortunes have been tied to Nvidia’s success in the AI-driven market. This meteoric rise has placed him in the upper echelons of the global billionaires’ club. As Nvidia continues to innovate and capitalize on emerging technologies, Huang’s net worth is expected to keep climbing. His strategic leadership and vision have been instrumental in steering the company towards unprecedented growth and success. Despite the fluctuations in the stock market and the tech industry, Jensen Huang’s financial status remains on a trajectory towards unprecedented prosperity.
Article Source
https://www.hindustantimes.com/business/nvidia-ceo-jensen-huangs-net-worth-soars-to-119-billion-up-2280-in-5-years-101718761408819-amp.html
