Technology

Nvidia CEO Jensen Huang Ranks 3rd in Wealth Gains for 2024, Behind Elon Musk and Mark Zuckerberg

Nvidia CEO Jensen Huang has witnessed one of the most significant surges in net worth this year, positioning him just behind Elon Musk and Mark Zuckerberg. According to the Bloomberg Billionaires Index, Huang’s wealth has grown by $76 billion in 2024, surpassing even Jeff Bezos, the world’s second-richest individual. This remarkable increase is primarily driven by Nvidia’s dominance in the artificial intelligence (AI) and semiconductor industries, which have seen extraordinary growth this year.

Nvidia’s Role in the AI Boom

Under Jensen Huang’s leadership, Nvidia has become a critical force in the rapidly expanding AI sector. The company’s graphics processing units (GPUs) are essential for training advanced AI models, generative AI, and cloud computing. As global demand for AI technology soared, Nvidia’s market value surged to record highs, solidifying its position as a key player in the tech industry.

Jensen Huang’s Net Worth

Huang’s net worth has now climbed to over $45 billion, making him one of the top three beneficiaries of the AI boom. He follows Elon Musk, who has profited significantly from Tesla and SpaceX, and Mark Zuckerberg, whose net worth grew due to Meta’s focus on the metaverse and AI-driven technologies.

The surge in Huang’s wealth can be attributed to Nvidia’s extraordinary stock performance. In 2024, the company’s shares rose by 177%, adding to an impressive 240% increase in 2023. Huang, who owns approximately 3.5% of Nvidia through personal holdings and family trusts, has reaped significant gains from this sustained growth.

Comparison to Elon Musk and Mark Zuckerberg

Elon Musk remains the biggest wealth gainer in 2024, becoming the first person to surpass a $400 billion net worth. His fortune grew by 77%, driven by Tesla’s strong performance and SpaceX’s continued success.

Meanwhile, Meta CEO Mark Zuckerberg saw his net worth increase by $95 billion, reaching $223 billion this year. A 78% rally in Meta Platforms Inc. shares fueled this growth, briefly pushing Zuckerberg ahead of Jeff Bezos in October.

With Nvidia’s continued success and the rising demand for AI technologies, Jensen Huang’s rapid ascent underscores the transformative power of the AI and semiconductor markets in reshaping global wealth.