Jensen Huang, co-founder and CEO of Nvidia Corp., has surpassed $200 billion in net worth as Nvidia shares hit a record high. On Friday morning, Huang’s fortune was estimated at $203.2 billion, making him the world’s seventh-richest person, according to Forbes real-time billionaire estimates. Nvidia shares climbed above $237 during the session before easing slightly to $235.39, remaining up nearly 2%.
Huang owns about 4% of Nvidia, which he co-founded in 1993. His net worth rose by $3.4 billion during the trading session as Nvidia’s stock rallied. The surge followed Nvidia’s announcement of a $150 billion increase in its share buyback program, the largest ever, which helped boost investor confidence. The company’s value has soared amid growing demand for chips used in artificial intelligence applications.
The rise in Nvidia’s shares reflects optimism around AI technologies, including AI agents like Meta Platforms’ Muse, which could drive semiconductor demand. Nvidia’s transformation into the world’s most valuable publicly traded company has been fueled by this AI chip demand. The stock rebound comes after fluctuating sentiment about AI investments and concerns over the technology’s risks, highlighting Nvidia’s pivotal role in the sector.
Nvidia’s shares reached an all-time high above $237 on Friday, with the company’s expanded $150 billion buyback plan announced earlier in the week. Huang’s net worth crossing the $200 billion mark underscores the financial impact of Nvidia’s leadership in AI chip development and market valuation, as tracked by Forbes’ real-time billionaire estimates.