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REGULATION
by
11 months ago

Jensen Huang, Nvidia’s co-founder, becomes 17th richest person in the world

2024-05-25

REGULATION
by
11 months ago

 

Jensen Huang was born on Feb 17, 1963. He is a Taiwan-born American entrepreneur who co-founded the American semiconductor company NVIDIA Corporation.

 

Under Huang’s leadership, NVIDIA has become one of the leading providers of graphics processing units (GPUs) and data center business.

 

Huang has been the company’s CEO and president for over three decades, which is almost unheard of in fast-moving Silicon Valley.

 

https://www.forbes.com/profile/jensen-huang



On May, 25 2024, Forbes estimates Huang’s net worth at $93.4 billion, making him the 17th richest person in the world.

 

Huang’s net worth, which has soared to $93.4 billion, surpassing the individual net worth of each member of the Walton family, the founders of Walmart.

 

This financial milestone comes after Nvidia reported an exceptional quarter, with its stock price rising significantly, reflecting the company's dominant position in the artificial intelligence sector.

 

Nvidia's success is largely attributed to its AI accelerator chips, which have become crucial in the ongoing AI boom, propelling the company's market value to exceed $2.5 trillion.

 

Data center business contributes to most of Nvidia’s revenue. Nvidia has servers that run artificial intelligence.

 

Nvidia’s first-quarter revenue from data center business was a record $22.6 billion, up 23% from the previous quarter and up 427% from a year ago.

 

Huang, who holds a 3.5% stake in Nvidia, has been at the forefront of this technological revolution, emphasizing the advent of a new industrial era powered by AI.

 

Under Huang’s leadership, Nvidia's strategic pivot from focusing on graphics cards for gamers to becoming a leader in AI technology, setting it apart from competitors and establishing a new market.

 

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