The CEO of Nvidia, an AI computing company, Jensen Huang has seen his net worth skyrocket from $3 billion to an outstanding $90 billion in five years.
This extraordinary growth in his net worth is attributed to the meteoric rise of Nvidia and its pivotal role in shaping the future of computing.
Huang is reported to own about 86.76 million shares of Nvidia or more than 3.5% of the company’s outstanding shares. With the stock rising over 9% to close at a price of nearly $1,038 per share on Thursday, the value of his stake rose by about $7.7 billion.
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Also, his pay has risen to $34.2 million up from $21.4 million last year. Among the increase, his stock award value is about $7 million more than the prior year, with a $4 million cash bonus and $2.5 million for other costs including residential security and consulting fees.
Following Nvidia’s performance in the latest quarter, Huang’s net worth surged to $91.3 billion, propelling him to the 17th spot on the Bloomberg Billionaires Index.
According to Forbes, Huang, who is by far the largest individual shareholder in the company, leapfrogged Indian mogul Gautam Adani to become the 17th-richest person in the world Thursday, having surpassed Walmart heirs Alice, Jim and Rob Walton earlier this week to vault into the top 20.
Huang now outshines the three wealthiest members of America’s richest family, the Walton family, whose fortunes are deeply rooted in the retail giant Walmart Inc.
Jensen’s net worth swelling from $3 billion to $90 billion over five years highlights the transformative impact of Nvidia’s innovations and strategic expansions. His leadership has not only elevated Nvidia’s status but also significantly influenced the future trajectory of the tech industry.
Renowned for his visionary outlook and leadership, he has heralded the dawn of a new industrial revolution. His foresight in recognizing Nvidia’s potential in the AI domain has been pivotal in steering the company to unprecedented heights.
Under his leadership, Nvidia has expanded its presence in the data center market, providing GPUs that power high-performance computing (HPC) and cloud-based services.
Jensen’s visionary leadership and focus on innovation have not only propelled Nvidia to new heights but have also influenced the broader tech industry. His emphasis on cutting-edge research and development has set benchmarks for others to follow.
With ongoing advancements in Al, data centers, and autonomous vehicles, Nvidia is poised for continued growth. Huang’s strategic investments and forward-thinking approach suggest that both his net worth and the company’s influence will continue to increase.