Meet Nvidia Cofounder Jensen Huang, Whose Wealth Hit Nearly $35B
Nvidia CEO and cofounder Jensen Huang's fortune soared by almost $7 billion billion last week to hit nearly $35 billion
Jensen's Huang net worth surged last week on the back of a boost in Nvidia's stock price. Mandel Ngan/AFP via Getty Images
The AI hype may put some jobs at risk, but it's also massively boosting other industries — such as those producing AI chips, like Nvidia.
The company's market valuation closed in on the elusive $1 trillion mark following a stunning after-hours rally of 25% on Wednesday, Insider's Zahra Tayeb reported.
That's thanks to the rise in the California-based chipmaker's share price following the company's blockbuster first-quarter results from the generative artificial intelligence boom.
Consequently, Nvidia CEO Jensen Huang's net worth soared by almost $7 billion last week, per Bloomberg Billionaires Index.
The stock extended its gains on Friday, sending Huang's net worth to touch nearly $35 billion.
Huang owns 86.9 million Nvidia shares, or about 3.5% of the Santa Clara-based chipmaker, per the company's 2023 annual report.
So far this year, Huang's net worth has risen by $21.1 billion, per Bloomberg — now making him the 37th richest person in the world.
Read further to know about Jansen Huang — the man who reportedly got a tattoo of Nvidia's logo on one arm when the company's share price hit $100.
Source: Business Insider
