His wealth increased by a staggering $30.2 billion to $44 billion, placing him at 29th on the billionaires list.
This extraordinary increase in Huang’s wealth is due to the value of NVIDIA shares, which have increased by almost 246% this year.
As of December 29, the company’s shares were trading at $495.22 per share. This remarkable rise in stock prices allowed Huang to surpass famous billionaires such as Bernard Arnault, Warren Buffett and Mukesh Ambani.
Investors’ trust in NVIDIA, the leader in artificial intelligence, was an important factor in the stock’s rise. Huang owns about 3.5% of the company’s securities, which is worth about $43 billion at current market value.
Source: Ferra
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