Nvidia CEO Jensen Huang, whose net worth has soared to $119 billion, has climbed to the top of Forbes’ real-time billionaire list, surpassing India’s Mukesh Ambani.
Huang, 61, has seen his wealth skyrocket by an extraordinary 2280% over the past five years, reflecting the explosive growth of Nvidia, which is now the world’s most valuable public company, according to India’s Financial Express.
Huang co-founded Nvidia in 1993 and has been the tech company’s CEO and president since its inception. Under his leadership, Nvidia’s market capitalization has surged by 177%, reaching an impressive $3.33 trillion, driven largely by the company’s dominance in the artificial intelligence (AI) sector.
On June 18, Nvidia’s shares rose by over 3%, boosting Huang’s net worth by more than $4 billion. Earlier in 2024, Forbes estimated Huang’s net worth at $77 billion, but the recent surge in Nvidia’s market cap has catapulted him up the rankings.
Huang now ranks just behind Steve Ballmer, the former CEO of Microsoft.
He plans to sell a portion of his Nvidia shares, with a recent securities filing indicating his intention to divest 600,000 shares by March 2025. This sale represents a small fraction of his 3% stake in the company.
Huang’s extraordinary ascent, jumping from the 546th position to the 76th last year, highlights the profound impact of the AI revolution on his wealth.
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