(Reuters) – Jensen Huang, CEO of NVIDIA, saw his personal net worth increase to approximately $120 billion on Tuesday, up from $80 billion last year.
NVIDIA has reportedly sold hundreds of thousands of AI chips in Saudi Arabia and has now achieved a market valuation of $3 trillion, following agreements to supply chips to AI startups backed by sovereign wealth funds.
The company’s stock climbed by 5.6%, reaching $129.93. This development coincides with President Donald Trump’s Gulf tour, which started in Saudi Arabia, with plans to visit the UAE later this week.
Huang has been instrumental in establishing NVIDIA as a leading player in the AI semiconductor sector, contributing to its status as one of the world’s most valuable companies.
As per Forbes’ real-time billionaire rankings, this latest increase in his wealth keeps him among the wealthiest individuals globally, though he remains just outside the top 10.
