Nvidia’s Meteoric Rise Has Made Jensen Huang Almost as Rich as Warren Buffett

0
4

[ad_1]

Key Takeaways

  • Nvidia CEO Jensen Huang’s net worth could soon overtake famed investor Warren Buffett’s, after the AI chipmaker’s stock gains made it the most valuable company in history. 
  • Huang was the 10th richest person in the world with an estimated net worth of $142 billion as of Wednesday, not far behind Buffett’s $144 billion, according to Bloomberg’s Billionaires Index.
  • Huang’s wealth rose by $2.47 billion on Wednesday alone, and has swelled by over $27 billion since the start of the year.

Jensen Huang’s wealth could soon overtake famed investor Warren Buffett’s, after Nvidia’s rising stock earlier this week made the AI chipmaker the most valuable company in history. 

Nvidia (NVDA) on Wednesday became the first company to reach a market capitalization of $4 trillion when its stock briefly climbed above $163.93. The shares added another 0.8% Thursday to close just above $164, a record, leaving them 21% higher for 2025 and up roughly 1,400% over the past 5 years.

Huang, Nvidia’s CEO, owns about 3.5% of the AI boom’s poster child. He’s seen his net worth climb to an estimated $142 billion as of Wednesday, according to the Bloomberg Billionaires Index, rising $2.47 billion yesterday alone, and swelling over $27 billion since the start of the year. 

This week’s gains have made Huang the 10th richest person in the world in Bloomberg’s ranking, just behind Berkshire Hathaway (BRK.A, BRK.B) CEO and “Oracle of Omaha” Warren Buffett at an estimated $144 billion.

At that level, it wouldn’t take much for Huang’s wealth to overtake Buffett’s. Wall Street’s analysts are largely bullish on Nvidia’s potential for more gains, with a mean target near $175 compiled by Visible Alpha.

A Nvidia spokesperson declined to comment on the stock’s gains and Huang’s net worth.

[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here