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<\/div>\nJensen Huang was ranked the 76th richest person in the world.<\/p>\n<\/div>\n
Nvidia Corps.’s chief executive Jensen Huang has become the 11th richest person in the world, as per Forbes<\/a>‘s real-time billionaire list.\u00a0<\/p>\n Mr Huang added over $4 billion to his net worth in a single day on Tuesday, June 18. It happened after Nvidia became the world’s most valuable public company, riding on an artificial intelligence-driven surge.\u00a0<\/p>\n The company’s shares climbed over 3% on Tuesday, June 18, taking Mr Huang’s net worth to nearly $119 billion.<\/p>\n Nvidia shares have more than doubled this year after growing threefold in 2023. The shares have been up by nearly 28 times in the past five years.<\/p>\n Jensen Huang, who was ranked the 546th-richest person in the world in 2019, has added over $114 billion to his net worth in the last 5 years, as per Forbes. His net worth surged over 2250% during the period.<\/p>\n The Nvidia boss was ranked the 76th richest person in the world with a net worth of $21 billion at the end of 2023.<\/p>\n The 61-year-old tech executive derives his net worth from a 3.5% stake in Santa Clara, California-based Nvidia. Mr Huang co-founded the computer chip company back in 1993 with Chris Malachosky and Curtis Priem. He has occupied the chair of Nvidia’s chief executive and president since its inception.<\/p>\n The tech giant went public in 1999 and has surged in trading in recent years.\u00a0<\/p>\n Last month, Nvidia became the first computer chip company to hit $3 trillion in market capitalisation, surpassing Apple Inc.\u00a0Nvidia<\/a> recently executed a stock split that cut Nvidia’s share price below $130 after trading above $1,200.<\/p>\n Nvidia controls an ecosystem of hardware and software solutions that rivals are trying to replicate, thanks to its dominant market share for the high-end accelerator that trains AIs. The company has laid out an ambitious plan to upgrade its AI accelerators annually.\u00a0<\/p>\n Tesla’s Elon Musk retained his position of the world’s richest with a net worth of $214.1 billion followed by Jeff Bezos at number two and Bernard Arnault & family at the third spot.<\/p>\n<\/div>\n