Nvidia CEO and cofounder Jensen Huang became a much richer man Thursday as shares of his semiconductor chip company that’s become the poster child of the artificial intelligence movement surged to a fresh all-time high, placing him among the world’s Top 20 wealthiest, according to Forbes calculations.
Key Takeaways
- Huang’s net worth grew by almost $8 billion Thursday to $91 billion, according to Forbes’ calculations, as Nvidia’s stock rose by 9% to well over $1,000 per share.
- A majority of Huang’s net worth comes from his 3.5% stake in Nvidia, the company he cofounded Nvidia in 1993 and has led as chief executive ever since.
- 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.
- It’s a remarkable rise in riches for Huang, who was worth just $4.7 billion as of Forbes’ 2020 billionaires list and $13.5 billion at the beginning of last year, a wealth blossoming attributable to Nvidia stock’s meteoric rise as investors grew infatuated with the Silicon Valley firm’s exponential earnings growth.
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www.forbes.com.au/news/investing/nvidia-ceo-jensen-huangs-net-worth-rockets-to-90-billion/
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