Nvidia’s CEO Jensen Huang saw a significant increase in his net worth, making him the 11th-richest person in the world. This boost came after his net worth rose by over $4 billion on Tuesday, propelling him to his highest ranking on Forbes’ real-time billionaire list. The chip designer’s success can be attributed to an artificial intelligence-driven surge that led Nvidia to become the world’s most valuable public company.
Over the past five years, Huang’s net worth has skyrocketed by $114 billion, with his current value standing at around $119 billion as of Tuesday afternoon. This places him ahead of India’s richest person, Mukesh Ambani, but behind former Microsoft CEO Steve Ballmer. Huang, who owns a 3% stake in Nvidia, started the year with a net worth of $77 billion before the company’s market cap surged by 177% to $3.33 trillion.
In a securities filing last month, Nvidia disclosed that Huang would be selling 600,000 shares of the company through March 2025, potentially netting him over $81.4 million at the current share price. This marks a significant increase in wealth for Huang, whose net worth has risen by $114 billion since 2019 when Forbes ranked him as the 546th-richest person in the world with $21 billion.
Huang co-founded Nvidia in 1993 and has been serving as the company’s chief executive and president since then. The company went public in 1999 and has experienced a surge in trading as it dominates the market for chips powering artificial intelligence software. Recently, Nvidia surpassed Microsoft and Apple’s market cap values reflecting its growing influence in the industry. Despite a recent stock split that lowered Nvidia’s share price,
