Nvidia CEO Jensen Huang made the bulk of his $36 billion fortune this year following chipmaker's stock surge
- Nvidia CEO Jensen Huang made more than 60% of his $36 billion fortune this year.
- Huang's soaring wealth comes as the chipmaker rides the boom in artificial intelligence.
The CEO of Nvidia made a bigger percentage of his fortune this year than anyone else on the Bloomberg Billionaires Index following the huge surge in the chipmaker's value.
Jensen Huang made more than 60% of his $36 billion net worth in the past five months, becoming $22 billion richer mostly due to his holding in Nvidia.
He has a 3.5% stake in the Santa Clara, California-based company, or almost 87 million shares, per its most recent annual report.
The 60-year-old cofounder of chipmaker Nvidia is now the world's 34th wealthiest person, according to the Bloomberg index.
Only Meta CEO Mark Zuckerberg comes close to a similar rise this year, making 52% of his current net worth in the past five months.
Nvidia stock has more than doubled since January, eclipsing the entire S&P 500 and contributing to the index's near-10% rally. The chipmaker's value touched $1 trillion for the first time Tuesday as the AI-fueled stock surge continued.
The rally was sparked last week by sales forecasts that blew Wall Street estimates out of the water, as well as new AI-related products. That's all increased investor excitement about Nvidia stock.