Jensen Huang's Net Worth Climbs to $119 Billion as Nvidia Shares Surge
2 min read Nvidia chief executive Jensen Huang is now the 11th-richest person in the world after his net worth increased by more than $4 billion on Tuesday, scoring his highest ranking yet on Forbes’ real-time billionaire list, as the chip designer rode an artificial intelligence-driven surge to become the world’s most valuable public company. June 28, 2024 17:21
As of Tuesday afternoon, Nvidia CEO Jensen Huang's net worth surged to approximately $119 billion, following a more than 3% rise in Nvidia's share price to $135.70. This boost places Huang ahead of India's richest person, Mukesh Ambani, and just behind former Microsoft CEO Steve Ballmer in the global rankings.
Huang, who holds a 3% stake in Nvidia, began the year with a net worth of $77 billion, according to Forbes. This significant increase comes as Nvidia's market capitalization soared by 177%, reaching $3.33 trillion.
In a securities filing last month, Nvidia revealed that Huang plans to sell 600,000 shares by March 2025, potentially netting him over $81.4 million based on the current share price.
Remarkable Growth
Huang’s net worth has seen an extraordinary rise of $114 billion since 2019, when he was estimated by Forbes to be the 546th-richest person in the world with a net worth of $5 billion. By last year, his fortune had grown to $21 billion, making him the 76th-richest person globally.
Background
Huang has been at the helm of Nvidia as CEO and president since cofounding the company in 1993. Nvidia went public in 1999 and has seen a dramatic increase in its stock value in recent years, driven by its dominance in the market for AI chips. Recently, Nvidia's market cap surpassed those of tech giants Microsoft and Apple. The company also executed a stock split, reducing its share price below $130 after previously trading above $1,200.
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