Nvidia’s CEO Jensen Huang has seen massive wealth growth due to the company’s soaring shares, currently ranking as the 12th richest person on Earth with a net worth of $115 billion. Other top executives and board members, including Mark Stevens, have also seen significant gains, with over $10 billion worth of stock collectively.
Stevens, who first got involved with Nvidia in 1993, played a key role in the firm’s early investment and now owns $5 billion worth of shares. Another board member, Brooke Seawell, has been on the board for nearly 27 years and holds $700 million worth of shares. The directors and executives at Nvidia collectively own 4.23% of shares, worth over $130 billion.
Nvidia’s success hasn’t always been guaranteed, with the company facing multiple near-bankruptcy instances between 1993 and 1997. However, a shift in focus to AI computing and the development of GPUs for AI research has paid off tremendously, leading to significant growth and market leadership.
While co-founder Curtis Priem missed out on billions by selling his shares early, executives like Jensen Huang have seen immense success through their stock ownership. Huang’s leadership and focus on teamwork have been praised by board members like Seawell, who credit him for guiding the company through challenges and learning from past mistakes.
Current Nvidia directors and executives have seen substantial wealth growth as a result of their shareholdings and sales. With Nvidia’s market cap surpassing $3.2 trillion, key insiders have seen their net worth rise significantly, with figures like Jensen Huang, Mark Stevens, and Colette Kress seeing substantial increases in their wealth.
