Nvidia’s CEO Jensen Huang Surges to 11th Richest Surpassing Mukesh Ambani in the World Amid AI Boom

Jensen Huang, the CEO of Nvidia, has skyrocketed to the 11th spot on the real-time billionaire rankings surpassing Mukesh Ambani, with his net worth now standing at a staggering $119 billion. This represents an extraordinary 2280% increase over the past five years, underscoring the rapid ascent of Nvidia, which has become the world’s most valuable publicly traded company.

Huang, who co-founded Nvidia in 1993 and has led the company since its inception, has witnessed its market capitalization soar by 177% to an impressive $3.33 trillion. This meteoric rise has been driven by Nvidia’s dominance in the artificial intelligence sector, with its stock climbing over 3% on June 18, adding more than $4 billion to Huang’s fortune.

Nvidia, which initially focused on graphic processing units (GPUs) when it went public in 1999, has since evolved into a powerhouse in AI, data centers, and autonomous vehicles. The company’s recent stock split, which lowered the price per share from over $1,200 to below $130, made Nvidia’s shares more accessible, further boosting its market value.

At the beginning of 2024, Huang’s net worth was estimated at $77 billion. However, the surge in Nvidia’s market cap has significantly boosted his ranking, placing him just below former Microsoft CEO Steve Ballmer and ahead of Indian business magnate Mukesh Ambani. Huang has also revealed plans to sell 600,000 shares of Nvidia before March 2025, as detailed in a recent securities filing. This sale represents only a fraction of the 3% stake he holds in the company.

Back in 2019, Huang was ranked as the 546th wealthiest person globally, with a net worth of $5 billion. By last year, he had jumped to 76th on the list, thanks to a $114 billion increase in his wealth over the past five years. Huang’s rapid rise reflects the transformative impact of the AI revolution on the tech industry and Nvidia’s pivotal role in this shift. In comparison, Indian billionaire Gautam Adani is currently 15th on the list with a net worth of $104 billion after a $19.6 billion increase this year.

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