Nvidia hitting $3 trillion propels Jensen Huang’s wealth above Michael Dell’s
Nvidia Corp.’s Jensen Huang has steadily climbed the ranks of the world’s wealthiest as the market value of his computer-chip maker touches $3 trillion.
Huang hit another milestone on Friday, passing personal computer pioneer Michael Dell to become the world’s 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has surged more than $62 billion this year as demand for Nvidia chips used to power artificial intelligence tasks remains insatiable.
Huang, 61, is leading a new wave of tech billionaires as AI-fueled “Jensanity,” as one analyst termed it, takes over Silicon Valley. Other beneficiaries include Lisa Su, chief executive officer of Advanced Micro Devices Inc., as well as Super Micro Computer Inc.’s Charles Liang. Last month, Huang’s fortune surpassed each individual member of the Waltons, America’s richest family, following another blowout quarter from the chipmaker.
Huang’s wealth is derived from his 3.5% stake in Santa Clara, California-based Nvidia, which he co-founded in 1993 with Chris Malachowsky and Curtis Priem. Nvidia became the first computer-chip company to hit $3 trillion in market capitalization on Wednesday, surpassing the value of Apple Inc., and was flirting with that benchmark again on Friday.
Dell, 59, with a net worth of $105.9 billion, has been a computer hardware-industry outlier among the tech super-rich, who often owe their wealth to software companies. Dell made much of his fortune through his namesake firm, which sells
