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.