Tesla CEO Elon Musk may be the richest particular person in historical past, however he was manner behind Nvidia CEO Jensen Huang on the 2024 listing of high earners. Mr Huang’s annual earnings skyrocketed from $21.1 billion in 2023 to $77 billion in 2024, in accordance with Forbes. This was almost four-fold of Mr Musk’s $15 billion improve in annual earnings from $180 billion in 2023 to $195 billion in 2024.
The huge increase took Mr Huang’s web value to $123.8 billion, putting him ninth on the Forbes Actual-Time Billionaire Record.
Tesla’s hovering shares pushed Mr Musk’s web value to $334.3 billion this yr.
Who’s Jensen Huang
Born in Taiwan and raised within the US from the age of 9, Mr Huang’s educational journey led him from Oregon State College to Stanford College, the place he specialised in electrical engineering. As co-founder and CEO of Nvidia since 1993, Mr Huang has been the visionary behind the corporate’s rise as a pacesetter in AI expertise.
Nvidia’s shares hit a file excessive this yr, contributing considerably to Huang’s fortune. His 3.5 per cent fairness stake within the $3.5 trillion firm now accounts for almost all of his wealth, valued at $122.2 billion. Even after promoting $713 million value of Nvidia inventory earlier this yr, Mr Huang stays the corporate’s largest shareholder.
Nvidia holds an 80 per cent market share in AI accelerators, essential for cutting-edge AI functions utilized by tech giants like Amazon, Google, Meta, Microsoft, and even Tesla. The corporate’s graphics processing items (GPUs), initially fashionable in gaming, have grow to be important for AI fashions like OpenAI’s ChatGPT. Demand for Nvidia’s merchandise is so intense that Mr Huang described it as “insane,” with clients reportedly turning into “actually emotional” over availability, Forbes reported.
