Nvidia: co-founder’s fortune reaches US$71.3 billion and places him among the 20 richest in the world

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Jensen Huang’s wealth grew by more than 15% in recent days and made the executive surpass the fortune of Alice Walton, heiress of Walmart. Increase comes after the chip and semiconductor manufacturer reported a 769% higher profit in 2023 than that seen in 2022. President and co-founder of Nvidia, Jesen Huang, at an event in Malaysia. Vincent Thian/ AP Photo The president and founder of Nvidia, Jensen Huang, became even richer this Friday (23) and is now among the 20 richest people in the world, according to the Forbes list of billionaires. According to Forbes, Huang’s fortune increased 2.81%, to US$71.3 billion (R$708.9 billion), surpassing the wealth of Alice Walton, Walmart heiress. Huang’s wealth has more than tripled since the beginning of the year — in 2023, his fortune was US$21.1 billion (R$104.3 billion). See the graph below. Nvidia: how artificial intelligence created the new ‘phenomenon’ on the American stock market Chips on the rise: why Nvidia is growing more than ‘big techs’ The increase in Huang’s fortune follows the appreciation of Nvidia’s shares on the US stock market United States, after the chip and semiconductor manufacturer reported a surprising result in the last quarter of 2023. According to a recently released report, the company recorded a profit of US$12.3 billion (approximately R$61 billion) in the fourth quarter of last year . The number represents an increase of 769% compared to that observed in the same period of 2022. With the company’s positive performance released last Wednesday (21), Nvidia shares appreciated by more than 16%, making the company reach a market value of US$1.96 trillion (around R$9.7 trillion). As a result, the chip and semiconductor manufacturer surpassed Amazon in market value, according to a survey carried out by Einar Rivero, from Elos Ayta Consultoria. Nvidia: how artificial intelligence created the new ‘phenomenon’ of the American stock market Who is Jensen Huang? Born in Taiwan, Jensen Huang is co-founder of Nvidia, a chip and semiconductor manufacturer that has become a darling on the North American stock market, and president of the company since its founding in 1993. According to Forbes, Huang has approximately 3% stake in Nvidia and was responsible for the company becoming a dominant force in the computer gaming chip market and expanding to design chips for data centers and self-driving cars.

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