Nvidia CEO Jensen Huang’s net worth has skyrocketed from $3 billion to over $90 billion in the past five years, driven by the company’s remarkable growth in artificial intelligence (AI) technology.
Nvidia’s first-quarter earnings report exceeded expectations, with sales surging over 200% for the third consecutive quarter, fueled by demand for AI processors. Huang’s stake in Nvidia, comprising around 86.76 million shares, has contributed significantly to his wealth accumulation.
The company’s stock has more than doubled this year and tripled in 2023, reflecting its dominant position in the AI chip market. Huang, a key figure in Nvidia’s success, has emphasized the transformative potential of AI technology and positioned Nvidia as a leading supplier to major tech companies. With Nvidia’s pivotal role in AI development and its widespread adoption in various industries, Huang has emerged as one of the world’s wealthiest individuals.