Together with the capitalization of NVIDIA, the capital of the constant captain of the “green” chipmaker and the most influential people is rapidly growing – 61-year-old Jensen Huang with a 3.5% stake in NVIDIA and a fortune of almost $70 billion is preparing to enter the top 20 richest in version of the Bloomberg Billionaires Index.
NVIDIA stock quotes for the last 5 days
NVIDIA CEO Jensen Huang's fortune is increasing amid the stable and confident growth of the largest developer of graphics processors that power the language models of modern chatbots and various AI services. Thus, since the beginning of 2022, the price of NVIDIA shares has increased fivefold – as of February 23, the chipmaker’s capitalization is an amazing $1.94 trillion. Thus, Nvidia is one step away from crossing an important psychological milestone. So far, only 4 companies have succeeded in this (Apple, Microsoft, Saudi Aramco and Alphabet).
How the fortune of NVIDIA CEO Jensen Huang has grown over the past 5 years. Source: Bloomberg
As of February 23, Jensen Huang's fortune is estimated at $69.2 billion – he ranks 21st on the Bloomberg index of the world's richest people. Only $100 million separates leader NVIDIA from 20th place, which is now occupied by Julia Margaret Flesher Koch with a fortune of $69.3 billion – the widow of David Koch and co-owner of the American industrial conglomerate Koch Industries.
The richest people in the world (Bloomberg Billionaires Index rating)
In just one day, Jensen Huang “riched up” by $9.6 billion – his fortune increased simultaneously with the rise in the price of NVIDIA shares, which jumped by 16% against the backdrop of record financial results. Let us remind you that in 2023, NVIDIA received income of $60.9 billion – 126% more than in 2022. At the same time, in the last quarter, NVIDIA earned a record $22.1 billion, of which $18.4 billion came from sales of professional accelerators for data centers. This was facilitated by the growing popularity of generative neural networks and the increased demand for them. The price of NVIDIA shares continues to grow, so, probably in the coming days, NVIDIA's capitalization will exceed $2 billion, and Jensen Huang will enter the top 20 richest people in the world.
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