Great news for brand advocates everywhere: Jensen Huang, Chief Executive Officer (CEO) of computer hardware maker Nvidia, has seen his net worth rise from $3 billion to $90 billion over the course of five years, putting him right up there in the world rankings. top 20 richest people.
As reported by CNBCthe obscene amount of money that no one should ever have comes from Huang’s ownership of approximately 86.76 million Nvidia shares.
Sources have yet to confirm whether it will be enough for Huang to purchase more versions of his signature leather jacket.
Nvidia CEOs’ wealth is rising
The company was founded in 1993 to produce gaming graphics cards, and while these are still available at eye-watering and ever-increasing price increases, it has shifted its focus to other popular industries such as artificial intelligence and recently expanded its AI factories announced. collaboration with ‘back to the office or so help me’ pushers Dell at Dell Technologies World 2024.
Huang demonstrated his inimitable business savvy by – presumably – having an analyst tell him to add shares to his holding in 2022, when the shares bottomed after the height of the Covid-19 pandemic and before OpenAI and ChatGPT arrived.
Things Huang could do with this amount of money include buying Mars, declaring himself emperor of the planet, and forcing its enslaved inhabitants to build a silo that fires time-seeking missiles at Earth to destroy it.
His wealth could soon rise even further, following news that Nvidia shares soared above $1,000 after the company reported first-quarter 2024 earnings, putting it closer to Apple and Microsoft in the race for the most valuable company in the world.
Nvidia’s market capitalization is around $2.5 trillion, just a few steps behind Apple and well positioned to overtake the Cupertino giant soon.
