Topline
Jensen Huang’s net worth swelled by over $4 billion after Nvidia’s shares closed in the green on Tuesday, as a days-long rally for the chip maker—which recently became the world’s second-largest company—adds to its chief executive’s fortune.
The chip maker’s chief executive recently completed the sale of millions of shares in the company.
Key Facts
Shares of Nvidia closed at $132.89 after increasing by just over 4%, the highest closing price for the company since ending July 9 at $134.91.
Huang is Nvidia’s largest shareholder with 75.4 million shares and another 786 million shares held through various trusts and a partnership, he disclosed in a regulatory filing last month, and the value of his stake increased to $114.4 billion from $109.9 billion Tuesday.
Nvidia’s shares are up nearly 12% in October, a rally that has added about $12.1 billion to Huang’s fortune.
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Big Number
$713 million. That’s the value of Nvidia shares Huang sold between June 14 and Sept. 12, according to recent Securities and Exchange Commission filings. The company previously disclosed Huang planned to sell up to 6 million shares through March 31, 2025, a threshold he reached nearly six months early.
Forbes Valuation
Huang, 61, is the world’s 11th-richest person with an estimated net worth of $116.2 billion, according to Forbes’ Real-Time Billionaires List. Huang’s fortune has increased by about $102 billion since 2019, when he was ranked the 546th-richest.
Key Background
With a market value of $3.2 trillion, Nvidia is the world’s second-largest company behind Apple with a $3.4 trillion valuation. Huang, who has served as Nvidia’s chief executive and president since co-founding the company in 1993, recently suggested demand for the company’s AI products was “so great” and “insane.” Nvidia, a firm that designs custom AI technology for high-end applications, was briefly the world’s largest company in June when shares peaked at $140.76 before falling to just over $102 in September.
