AI King earns 9.59 billion dollars in a single day

Written by Jakob A. Overgaard

Feb.25 - 2024 7:30 AM CET

Photo: Michael Vi, Shutterstock.com
Photo: Michael Vi, Shutterstock.com

Trending Now

NVIDIA's CEO's personal fortune moves closer to the world's richest as a result of the stock's skyrocketing value.

Jensen Huang, can according to Bloomberg boast of being the 21st richest person in the world. This status is thanks to Huang's brainchild, NVIDIA, setting a stock market record on Thursday.

The stock soared an incredible 16.4 percent to $785.38 following an impressive earnings report for the fourth quarter of 2023. This surge increased the company's value by $277 billion in one day, an event without precedent.

Huang was born in Taiwan but was sent to the USA at the age of nine to live with his uncle. He was sent to a town in the middle of nowhere in Kentucky with fewer than 300 inhabitants—far from Santa Clara, where the company is headquartered.

His career began at NVIDIA's major competitor, AMD, whose current chairman and CEO he is related to. Moreover, he is the author of a law within computer science, so it's no surprise that he is the undisputed king of AI.

Even though the 61-year-old American-Taiwanese, who is both a co-founder and CEO, 'only' owns about 3.5 percent of NVIDIA, the increase lifted Huang's personal fortune by $9.59 billion to $69.2 billion. This equates to about 66 billion Danish kroner—in one day.

Thus, Jensen Huang is tantalizingly close to hitting the top 20, rounded off by Julia Flesher Koch with a fortune of $69.3 billion, as shown in Bloomberg's list of billionaires.

Already by Friday, the NVIDIA CEO could very well move further up the list when the stock market in the USA opens. In pre-market trading, the stock is expected to rise by almost 2 percent more.

Most Read