Jensen Huang’s Net Worth Up $28 Billion This Year

By Douglas A. McIntyre Published Aug 19, 11:20AM EDT

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Jensen Huang's net worth surged $28 billion this year to $182 billion, making him the world's eighth-richest person.
NVDA stock jumped from $68 to $220 after Mark Zuckerberg announced Meta was spending billions on Nvidia chips in early 2024.
Nvidia controls 90% of the highest-end AI chip market and pledged $105 billion to build an OpenAI data center in Ohio.
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Jensen Huang’s Net Worth Up $28 Billion This Year — © Shutterstock

Nvidia (NASDAQ: NVDA | NVDA Price Prediction) CEO Jensen Huang’s net worth is up $27.5 billion this year to $182 billion. According to Bloomberg, that makes him the world’s eighth-richest person, just behind Meta’s Mark Zuckerberg.

It is not hard to see the reason for the jump. Nvidia’s stock is up 18% this year. Huang owns 4% of the company. Its market cap is $5.32 trillion, which makes it the most valuable public corporation in the world.

Huang has taken a graphics chip company from its 1993 founding to the world’s leader in AI chips. Some of his net worth is luck. AI evolved in a direction that positioned Nvidia chips. The importance of these chips became clearer in early 2024. According to CNBC on January 18, 2024, Mark Zuckerberg said, “Meta is spending billions of dollars on Nvidia’s popular computer chips, which are at the heart of artificial intelligence research and projects.” Nvidia’s stock traded at $68 before the statement. It trades at $220 today.

Nvidia not only holds 90% of the highest-end AI chip market, but it has also invested tens of billions of dollars in AI industry leaders, including Anthropic and OpenAI. Presumably, these positions will be worth much more over time. (Additionally, much of this money goes toward buying Nvidia chips, which ramps up its revenue.) Some investors object, but no accounting rules prevent it.

Furthermore, Nvidia has become a banker to the industry. Recently, it pledged as much as $105 billion to build a data center for OpenAI in Ohio.

Huang proves an old adage. Financially, very few people are an overnight success.

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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.

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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.

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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.