Jensen Huang has achieved another significant milestone, surpassing Michael Dell, the pioneer of personal computers, to become the 13th-richest person globally, with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has surged by over $62 billion this year, driven by the relentless demand for Nvidia chips utilized in artificial intelligence applications.
Huang, aged 61, is at the forefront of a new generation of tech billionaires, riding the wave of “Jensanity,” as described by an analyst, which is reshaping Silicon Valley. Other beneficiaries of this trend include Lisa Su, CEO of Advanced Micro Devices Inc., and Charles Liang of Super Micro Computer Inc. Last month, Huang’s fortune surpassed that of each individual member of the Walton family, America’s wealthiest family, following Nvidia’s outstanding financial performance.
The bulk of Huang’s wealth stems from his 3.5% stake in Nvidia, the company he co-founded in 1993 alongside Chris Malachowsky and Curtis Priem. Nvidia recently became the first computer-chip company to achieve a $3 trillion market capitalization, surpassing even tech giant Apple Inc. Dell, aged 59, with a net worth of $105.9 billion, has amassed his wealth predominantly through his eponymous company, which specializes in personal computers and servers.
Despite being an outlier in the tech super-rich community, Dell Technologies Inc. has benefited from the surge in AI technology, with corporations requiring servers and infrastructure to leverage advanced chips from Nvidia. Dell, along with Super Micro, has been increasingly viewed by investors as Nvidia’s preferred partner for this segment of the business.
While Dell briefly joined the elite group of individuals with fortunes exceeding $100 billion earlier this year, a single disappointing earnings report led to a significant drop in the company’s stock price, reducing Dell’s wealth by almost $12 billion in a single day. However, Nvidia continues to dominate the market for high-end accelerators used in AI training, maintaining its lead over competitors like AMD and Intel Corp.
Huang has expressed Nvidia’s commitment to continuous innovation, stating that the company plans to upgrade its AI accelerators annually, ensuring that it stays ahead of the competition and maintains its position as a leader in the industry.
