Thanks To Nvidia (NVDA), He’s The 11th Richest Person On Earth

By Austin Smith Published Nov 29, 9:05AM EST

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Thanks To Nvidia (NVDA), He’s The 11th Richest Person On Earth — © 24/7 Wall St

Key Points:

Thanks to the company’s stock skyrocketing 800% over two years, Nvidia’s (NASDAQ: NVDA | NVDA Price Prediction) CEO net worth has ballooned to more than $130 billion. just how important Nvidia is in the current AI gold rush.
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Transcript:

[00:00:00] Doug: The CEO of NVIDIA, his net worth just passed 130 billion. Okay. Now that makes him the 11th richest person in the world. That’s not bad. And the stock is up like 800 percent over the last two years. So again, we talk about people and their net worths as if, well, it takes a long time. it’s like Warren Buffett.

[00:00:27] Doug: It took many decades in the case of some of these people in the tech business I mean 130 billion dollar personal net worth. And all of it is because of his ownership position in NVIDIA and the 800 percent rise it’s had. So when you think about the unbelievable lift that this guy has had because of the run, the success of a single public company, I don’t know that that’s precedented.

[00:00:58] Doug: I know that, Gates, yeah, but I mean, he’s dead. I don’t know what his would have been if he’d lived, but certainly he’s Balmer. Right. these house, but those stocks grew, but I don’t remember ever looking at, I’d have to go back and look at their ramps, but this guy’s has exploded from probably having a net worth.

[00:01:23] Doug: That’s 15 percent of this two years ago to being the 11th richest guy in the world. So, so our hats off to him as he hits a hundred and 130 billion dollars.

[00:01:38] Lee: Congrats, Mr. Huang

[00:01:39] Doug: Yep. Another milestone for us to cover, in our coverage of the milestones of billionaires. I think that’s what we’re going to call the section, this section from now on. Right.

[00:01:48] Lee: Milestones of billionaires. Milestones of billionaires. I think that makes sense. And it’s just, they’re going to, the old saying, the rich get richer has never been more spot on than these days.

[00:02:00] Doug: It is not.

About the Author Austin Smith →

Austin Smith is a financial publisher with over two decades of experience in the markets. He spent over a decade at The Motley Fool as a senior editor for Fool.com, portfolio advisor for Millionacres, and launched new brands in the personal finance and real estate investing space.

His work has been featured on Fool.com, NPR, CNBC, USA Today, Yahoo Finance, MSN, AOL, Marketwatch, and many other publications. Today he writes for 24/7 Wall St and covers equities, REITs, and ETFs for readers. He is as an advisor to private companies, and co-hosts The AI Investor Podcast.

When not looking for investment opportunities, he can be found skiing, running, or playing soccer with his children. Learn more about me here.