Forbes June 16, 2024
By Phoebe Liu and Kerry A. Dolan, Forbes Staff

The buzzy chip firm’s CEO Jensen Huang isn’t the only one scoring big, thanks to Nvidia’s soaring shares.

“The next industrial revolution has begun,” Nvidia cofounder and CEO Jensen Huang said last month, during Nvidia’s quarterly earnings call. “Companies and countries are partnering with Nvidia to shift the trillion-dollar installed base of traditional data centers to accelerated computing and build a new type of data center, AI factories, to produce a new commodity, artificial intelligence.”

No one has benefited more from Nvidia’s meteoric rise than Huang. Five years ago he was worth an estimated $4 billion, ranked No. 546 richest on Forbes’ World Billionaires list. Just over a year ago he was worth $21 billion, ranked No. 76 in the...

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