Nvidia's co-founder and CEO, Jensen Huang, significantly increased his net worth on May 23 due to the company's record-high stock price. Nvidia, a semiconductor company that holds a significant position in the field of artificial intelligence, has seen its stock price soar, propelling Huang into the top 20 richest individuals globally.
In 2019, Huang's stake in Nvidia was valued at around $3 billion. However, with the strong performance of the stock market on Thursday, the value of his stake has now skyrocketed to over $90 billion.
Recently, Nvidia announced its first-quarter earnings, which far exceeded market expectations. This marks the third consecutive quarter of revenue growth exceeding 200%, primarily driven by strong demand for its artificial intelligence processors.
Huang remains confident about the future, stating to investors that the demand for Nvidia's artificial intelligence graphics processing units (GPUs) remains robust. He also hinted that the company's major cloud customers may reap substantial returns from their investments in these high-cost chips.
Huang stated, "We are fundamentally changing the way computing works and what computers can do."
Huang, the core leader of Nvidia, has accumulated immense wealth through his 3.5% stake. Since co-founding Nvidia in 1993, he has served as CEO, guiding the company's transformation from a GPU manufacturer to a leader in the AI field. Nvidia's products, such as the Drive platform, have propelled advancements in autonomous driving technology, while its graphics cards hold significant positions in gaming, cryptocurrency mining, and data centers.
Born in Taiwan, Huang has not only driven Nvidia's expansion in the gaming and data center markets but also improved the company's products in professional visualization, contributing to significant progress in architecture and scientific computing.
With the surge in Nvidia's stock price, the value of Huang's 1.3 million shares has also significantly increased, doubling his net worth in the past year. According to Forbes, as Nvidia's largest individual shareholder, Huang has surpassed Indian business tycoon Gautam Adani, becoming the 17th richest person globally. Additionally, last week he surpassed Walmart heirs Alice, Jim, and Rob Walton, successfully entering the top 20 richest individuals globally.
