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Feature Story
Nvidia CEO Jensen Huang is now worth about $46 billion – more than Ken Griffin or Stephen Schwarzman
Aug 24, 2023 · markets.businessinsider.comHuang, who owns a 3.5% stake in Nvidia, has seen his wealth increase by about $32 billion this year, reflecting the 229% rise in Nvidia's stock. The company, founded by Huang in 1993, is now the leading maker of chips used for AI software.
Key takeaways
- Nvidia's revenues doubled in the second quarter to $13.5 billion, beating Wall Street's expectations.
- The company's stock surge has made CEO Jensen Huang about $4 billion richer, increasing his net worth to approximately $46 billion.
- Huang's wealth increase puts him in the 25th spot on the Bloomberg Billionaires Index, above Citadel CEO Ken Griffin and Blackstone boss Stephen Schwarzman.
- Nvidia, founded by Huang in 1993, is now the leading maker of chips used for AI software.