In excellent news for brand advocates around the world, Jensen Huang, chief executive officer (CEO) of computer hardware maker Nvidia, has seen his net worth skyrocket from $3 billion to $90 billion in the past year. over the course of five years, placing him in the ranks of world leaders. the 20 richest people.
As reported by CNBCThe obscene amount of money that no one should have comes from Huang's ownership of approximately 86.76 million Nvidia shares.
Sources have yet to confirm whether it is enough for Huang to buy even more versions of his signature leather jacket.
Increase in wealth of Nvidia CEO
The company was founded in 1993 to produce gaming graphics cards, and while they continue to be available at eye-watering prices and ever-increasing margins, it has shifted its attention to other popular industries such as artificial intelligence and recently announced an expansion of its manufacturing factories. AI. collaboration with Dell 'return to the office or help me' drivers 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 stocks hit a low after the height of the Covid-19 pandemic and before OpenAI and ChatGPT.
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 missiles that buy time to Earth to destroy it.
Her wealth could soon skyrocket even further, too, following news that Nvidia shares rose above $1,000 after the company reported its first-quarter 2024 earnings, bringing it closer to Apple and Microsoft in the race for the company. most valuable in the world.
Nvidia's market capitalization is around $2.5 trillion, just a few steps behind Apple and in a good position to soon overtake the Cupertino giant.
