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Nvidia CEO Jensen Huang is about to become one of the 20 richest people in the world – Afriqaa

Nvidia CEO Jensen Huang is about to become one of the 20 richest people in the world

by MMC
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Shares of the Santa Clara-based chipmaker have soared on the boom in artificial intelligence, or AI.

Since the beginning of 2022, from Nvidia the stock price increased fivefold, sending the fortune of the co-founder and CEO Jensen Huang to skyrocket.

As of Friday, Huang was worth $69.2 billion, making him the 21st richest person in the world, according to Bloomberg.

Huang’s net worth jumped nearly 22% in a single day on Thursday after Nvidia’s stock price jumped 16% the same day thanks to the blockbuster. fourth quarter results which exceeded Wall Street’s expectations.

Overall, Huang’s fortune soared about 57% in less than two months in 2024.

Huang is now just behind Julia Flesher Koch – the widow of David Koch, co-owner of the American conglomerate Koch Industries – and his family, who are worth $69.3 billion, according to Bloomberg.

Huang’s entry into the world’s top 20 billionaires may not be that far away.

Nvidia’s stock price extended its after-hours gains Thursday, gaining 1.7% to $798.95 apiece.

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