Jensen Huang Becomes The World’s 8th Richest Person

By Douglas A. McIntyre Published May 28, 2:37PM EDT

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Jensen Huang's 3.5% stake in Nvidia made him the world's 8th richest person, with a net worth of $176 billion.
NVDA revenue surged from $4.7 billion in 2015 to an expected $215 billion this year, while INTC has barely survived as its chip demand collapsed.
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Jensen Huang Becomes The World’s 8th Richest Person — © NVIDIA Blog / Press

Somewhere along the path that made Nvidia (NASDAQ: NVDA | NVDA Price Prediction) the world’s most valuable company, Jensen Huang became the world’s 8th richest person at $176 billion. That is up to $22 billion this year.

Huang owns 3.5% of Nvidia. This puts him behind institutional investors such as Vanguard and BlackRock. It puts him well ahead of any other individual owner. Nvidia’s market cap is almost $5.3 trillion. Huang co-founded Nvidia in 1993 and has been CEO since then.

Huang came by his wealth by accident. Nvidia was created as a graphics chip company, which, by its nature, made it much smaller than the chip industry leader, Intel (NSDAQ: INTC) (Intel has barely survived the last several years as use of its chips has plunged)

Huang began to steer Nvidia toward AI-driven hardware. In 2017, he told Fortune, “We also observed that video games were simultaneously one of the most computationally challenging problems and would have incredibly high sales volume.” OpenAI was founded in 2015 and did not have a practical product until the year after.

NVIDIA had revenue of $4.7 billion in 2015. This year, it will likely be over $215 billion. The big jump was from $27 billion in 2023 to $60.9 billion in 2024. It is currently growing at a rate of 65% year over year.

247WallSt recently reported that Nvidia’s market cap could reach $10 trillion

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.