Nvidia CEO Jensen Huang is now worth about $46 billion – more than Ken Griffin or Stephen Schwarzman
Aug 24, 2023 - markets.businessinsider.com
Nvidia's Q2 revenue doubled to $13.5 billion, exceeding Wall Street's expectations and causing an 8% increase in pre-market trading. The surge in the company's stock has made CEO Jensen Huang approximately $4 billion richer, with his net worth now estimated at $46 billion. This makes him one of the world's 25 wealthiest people, according to Bloomberg.
Huang, 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.
