The CEO of Nvidia, yes the man, is now worth more than all of Intel

Nvidia is one of the richest companies in the world, so it’s no surprise that the company’s CEO, Jensen Huang, is quite rich. However, Forbes’ latest net worth data gives a glimpse into just how rich this executive really is. Huang’s net worth is estimated at $109.2 billion, which is about $13 billion more than Intel’s overall market capitalization.

Although Nvidia produces some of the best video cardsthe obscene amount of money the company has made over the past two years comes from its artificial intelligence accelerators. In 2020, Forbes estimated Huang’s net worth at $4.7 billion, and even in 2023, after ChatGPT has already burst onto the scene, the top manager’s fortune was $21.1 billion. Huang is now the 11th richest person in the world, ahead of Bill Gates, Michael Dell and Michael Bloomberg.

Huang and other Nvidia executives are also leveraging that value. Earlier this month, Nvidia executives sold nearly 11 million shares worth $1.8 billion. Juan Azo cashed out $713 million worth of shares, according to Bloomberg.

Intel, for its part, has its lowest market capitalization since December 2008, during the housing market crash. During this time, Intel’s market capitalization fell to $71 billion. The company peaked in early 2000 with a market capitalization of over $500 billion, and has hovered around $250 billion in 2020 and 2021. Foundry business into its own subsidiary company.

Comparing net worth to market capitalization is not straightforward, and at some level these two numbers themselves represent a value greater than actual money. However, it shows how huge Nvidia has become over the past year. Nvidia’s market capitalization exceeds $3 trillion, making it the third richest company in the world. Nvidia is worth more than Google and Amazon, and worth more than Walmart, Tesla, Visa and Netflix combined.

Of course, it helps that two of the richest companies in the world, Microsoft and Apple, have invested heavily in Nvidia in recent years. Microsoft has made it clear that Nvidia GPUs are the backbone of the infrastructure built by ChatGPT, and with artificial intelligence continuing to be popular, Nvidia shows no signs of slowing down. However, recent stock sales by Nvidia executives suggest the boom may not last forever.