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Reading: The CEO of Nvidia surpasses Mukesh Ambani to take the top spot on the list of richest people.
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Baner Club > Blog > Marketing > The CEO of Nvidia surpasses Mukesh Ambani to take the top spot on the list of richest people.
Marketing

The CEO of Nvidia surpasses Mukesh Ambani to take the top spot on the list of richest people.

The recent increase in Nvidia's market capitalization allowed Jensen Huang to surpass Forbes' estimate of his net worth, which was $77 billion.

Last updated: 2024/08/28 at 3:59 PM
Published August 28, 2024
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Overtaking India’s Mukesh Ambani, Nvidia CEO Jensen Huang has amassed a net worth of $119 billion, propelling him to the top of Forbes’ real-time billionaire list.

Huang, 61, has seen a phenomenal 2280% increase over the last five years, illustrating the rapid growth of Nvidia, which is currently the most valuable public business in the world, according to India’s Financial Express.

Huang was a co-founder of Nvidia in 1993 and has been president and CEO of the tech startup ever since.

Nvidia’s market capitalization has increased by 177% to a staggering $3.33 trillion under Huang’s direction, primarily due to the tech company’s dominance in the artificial intelligence (AI) space.

On June 18, the company’s shares saw a noteworthy increase of more than 3%, boosting Huang’s net worth by more than $4 billion.Forbes pegged Huang’s net worth at $77 billion at the beginning of 2024, but the tech tycoon was able to move up the rankings thanks to a recent increase in Nvidia’s market capitalization.

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admin August 28, 2024 August 28, 2024
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