Nvidia CEO Jensen Huang, with a net worth of $119 billion, has climbed to the top of Forbes' real-time billionaires list, surpassing India's Mukesh Ambani.
Over the past five years, Huang, 61, has seen a remarkable 2,280% rise, mirroring the explosive growth of Nvidia, which now stands as the most valuable public company in the world, India. Financial Express reported.
Huang co-founded Nvidia in 1993 and has served as CEO and president of the technology company since its inception.
Under Huang's leadership, Nvidia's market capitalization has increased by 177% to an impressive $3.33 trillion, largely attributed to the tech company's dominance in the artificial intelligence (AI) sector.
The company's shares saw a notable surge of more than 3% on June 18, boosting Huang's net worth by more than $4 billion.
As of early 2024, Forbes estimated Huang's net worth at $77 billion, but Nvidia's recent surge in market capitalization has allowed the tech billionaire to rise up the rankings.
He now sits just behind Steve Ballmer, the former CEO of Microsoft.
Huang plans to sell a portion of his Nvidia shares, with a recent securities filing revealing his intention to dispose of 600,000 shares by March 2025.
This move represents a small fraction of its 3% stake in the company.
Huang's remarkable progress, jumping from 546th to 76th place last year, underscores the profound impact of the AI revolution on his wealth.
