Nvidia hits $3 trillion, making CEO Jensen Huang richer than Michael Dell
What is the percentage of Nvidia's shares owned by Jensen Huang, and how does this relate to his overall wealth?
Jensen Huang, the co-founder and CEO of Nvidia, owns about 3.5% of the company's shares. This ownership has played a significant role in his wealth accumulation. As Nvidia's stock price has surged due to the increasing demand for its AI-powered chips, Huang's net worth has risen accordingly. In 2023, his net worth was $106.1 billion, making him the 13th-richest person in the world at that time. The growth in his wealth is primarily attributed to his stake in Nvidia, which he co-founded in 1993 with Chris Malachowsky and Curtis Priem.
What significant financial milestone did Jensen Huang achieve on the Friday mentioned in the article?
On the Friday mentioned in the article, Jensen Huang achieved the milestone of becoming the world's 13th-richest person, with a net worth of $106.1 billion, as he surpassed personal computer pioneer Michael Dell. This achievement was due to the increasing demand for Nvidia chips used in artificial intelligence tasks, which has driven the market value of his computer-chip maker company to touch $3 trillion.
How did Jensen Huang's net worth increase in relation to the market value of Nvidia?
Jensen Huang's net worth increased significantly in relation to the market value of Nvidia as the company's stock surged due to high demand for its AI-powered chips. Nvidia's market capitalization reached $3 trillion, making it the first computer-chip company to achieve this milestone. Huang, who owns a 3.5% stake in Nvidia, saw his wealth surge more than $62 billion this year, propelling him to become the world's 13th-richest person with a net worth of $106.1 billion. The rapid increase in Nvidia's market value and Huang's substantial ownership stake in the company directly contributed to the growth of his personal wealth.