Nvidia CEO Huang’s Net Worth Hits $128 Billion

By Douglas A. McIntyre Published Nov 22, 8:25AM EST

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Nvidia CEO Huang’s Net Worth Hits $128 Billion — © Slaven Vlasic / Getty Images Entertainment via Getty Images

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Nvidia Corp. (NASDAQ: NVDA | NVDA Price Prediction) CEO Jensen Huang’s net worth reportedly reached $128 billion.
That makes him the 11th wealthiest person in the world.
Also: 2 Dividend Legends to Hold Forever.

According to Bloomberg, Nvidia Corp. (NASDAQ: NVDA) CEO Jensen Huang’s net worth recently reached $128 billion, virtually all due to his ownership of the artificial intelligence (AI) industry leader. Nvidia’s market cap recently hit $3.6 trillion, making it the most valuable company in the world. Huang is the 11th wealthiest person in the world, just behind former Microsoft Corp. (NASDAQ: MSFT) CEO Steve Ballmer and Warren Buffett.

Nvidia’s share price has risen 800% in the past two years. The S&P 500 is up 27% during the same period. Other major tech stocks have not risen nearly as much over that period. Microsoft’s shares are up 66%, while Amazon.com Inc. (NASDAQ: AMZN) stock is 112% higher.

Nvidia’s most recent earnings are part of a string of spectacular revenue and earnings growth. In the most recent quarter, revenue rose 94% year over year to $35.1 billion. Per-share earnings were up 111% on the same basis to $0.78. Huang commented, “The age of AI is in full steam, propelling a global shift to NVIDIA computing.”

How much can Nvidia grow? It dominates the AI chip market. According to PwC, “AI could contribute up to $15.7 trillion to the global economy in 2030, more than the current output of China and India combined.” If so, Huang’s wealth will continue to rise.

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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.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

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.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

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.