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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