Jensen Huang Of Nvidia Rises His Net Worth By $4 Billion In A Single Day

According to Forbes’s real-time billionaire list, Jensen Huang, the CEO of Nvidia Corp, is now the eleventh richest person in the world. On Tuesday, June 18, Huang increased his net worth by more than $4 billion in a single day. It occurred after Nvidia rode a wave of artificial intelligence to become the most valuable public corporation in the world. On Tuesday, June 18, the company’s shares increased by almost 3%, increasing Huang’s net worth to around $119 billion. Following a tripling in value in 2023, Nvidia’s stock has more than doubled this year. Over the previous five years, the share price has increased by almost 28 times.

With a $21 billion net worth by the end of 2023, the CEO of Nvidia was listed as the 76th richest person in the world. The 61-year-old IT executive receives 3.5% of his net worth from Nvidia, a company based in Santa Clara, California. Along with Chris Malachosky and Curtis Priem, Huang co-founded the computer chip startup back in 1993. Since the company’s founding, he has held the positions of president and chief executive. The tech behemoth had a spike in trading in the last few years after going public in 1999. According to Forbes, almost $114 billion has been added to Jensen Huang’s net worth in the last five years, making him the 546th richest person in the world in 2019. During that time, his net wealth more than doubled.

Overtaking Apple Inc., Nvidia became the first computer chip maker to reach $3 trillion in market capitalization last month. After trading above $1,200, Nvidia’s share price dropped below $130 due to a recent stock split. Due to its dominance in the market for the high-end accelerator used to train artificial intelligence, Nvidia has control over an ecosystem of hardware and software solutions that competitors are attempting to imitate. The organization has unveiled a bold strategy to enhance its AI accelerators on a yearly basis. With a net worth of $214.1 billion, Elon Musk of Tesla continued to hold the title of richest person in the world. Jeff Bezos came in second, and Bernard Arnault and family took third place.