Jensen Huang's Wealth Surge

On Thursday, Jensen Huang witnessed a staggering increase of $9.6 billion in his net wealth, attributed to a remarkable surge in Nvidia's share price. This surge not only impacted Huang but also contributed to the growth of the world's richest billionaires as reported by Bloomberg's Billionaire Index.

Nvidia CEO's Remarkable Gain

The CEO of Nvidia, Huang, witnessed his overall wealth surge to an impressive $69.2 billion following a remarkable 16% increase in shares of the California-based chip maker, which he founded back in 1993. The surge followed exceptional fourth-quarter results that exceeded expectations.

Record-Breaking Results

Nvidia's outstanding performance included a staggering 265% increase in sales, reaching $22 billion in the three months ending on Jan. 28. Huang commented on the growth in the artificial intelligence industry, emphasizing it has now hit a "tipping point," leading to mainstream adoption of the technology.

Historic Market Surge

The surge in Nvidia's share price resulted in a significant $277 billion increase in the company's market capitalization. This marked the largest single-day increase in market history, surpassing Meta's recent $197 billion surge earlier in the month.

Rising Rankings

Following this remarkable growth, Huang has climbed to the position of the world's 21st richest individual, moving up two places on the list of the wealthiest people globally. He now closely trails American socialite Julia Koch, who inherited billions from her late husband David Koch in 2019.

Tech Chief's Wealth Soars Amid AI Excitement

The Taiwan-born technology entrepreneur is still holding onto a significant 3.51% stake in Nvidia, the semiconductor maker he co-founded over 30 years ago following a fateful meeting with his co-founders, Chris Malachowsky and Curtis Priem, at a Denny's roadside diner in East San Jose.

Wealth Soars by $25.2 Billion

The 61-year-old tech chief's wealth has skyrocketed by an impressive $25.2 billion in 2024 alone, thanks to a remarkable 63% surge in Nvidia's share price since the beginning of the year. This surge is fueled by the excitement surrounding AI, which has fueled a stock market boom this year.

Rapid Climb Up the Richest Individuals List

Huang's rapid ascent up the rankings of the world's richest individuals is nothing short of extraordinary. Starting from 128th place at the start of 2023, he has now claimed the 21st spot on the list.

Ripple Effects on Billionaires Worldwide

Nvidia's rally has not only boosted Huang's wealth but has also had a ripple effect on a number of the world's top billionaires. Taiwanese billionaire Charles Liang, founder of Supermicro in 1993, saw his net worth soar by a third to $7.6 billion due to his 12% stake in Nvidia.

Musk's Wealth Dips as Bezos and Arnault Prosper

At the top of the rankings, the world's richest individual Elon Musk has experienced a decline in his net worth, dropping by $17.5 billion in 2024 so far to $212 billion. Meanwhile, rivals Jeff Bezos and Bernard Arnault have both seen their wealth continue to grow by billions during the same period.