Meet Jensen Huang, the 60-year-old co-founder of chipmaker Nvidia whose wealth has more than doubled this year to nearly $35 billion thanks to the AI boom and the surge in the company’s stock price. Insider’s Zahra Tayeb reported that Nvidia’s market valuation closed in on the elusive $1 trillion mark following an after-hours rally of 25% on Wednesday — sending Huang’s net worth soaring by almost $7 billion last week, as per Bloomberg’s Billionaires Index. Furthermore, Huang’s net worth rose to nearly $35 billion on Friday, resulting from his 86.9 million Nvidia shares, which accounts for 3.5% of the Santa Clara-based chipmaker’s worth, according to the company’s 2023 annual report.
Huang’s $21.1 billion increase in wealth this year has made him the 37th richest person in the world, per Bloomberg. Moreover, the Nvidia CEO has also reportedly gotten a tattoo of the company’s logo on one arm, due to the monumental surge in its share price hitting $100.
Founded in 1993, the American chipmaker Nvidia is a leader in the field of artificial intelligence. Throughout the past year, the tech giant has seen a surge in its stock price riding on the success of the AI chips it produces. This has been responsible for increasing Nvidia’s overall growth, alongside its founder and CEO Jensen Huang’s fortune. Moreover, although the AI hype puts some jobs at risk, it has also massively boosted other industries like NVIDIA.
