Nvidia’s Jensen Huang is third-highest net worth gainer, after Elon Musk and Mark Zuckerberg in 2024

Nvidia's rise as one of the most valued tech companies in the world has given its CEO ample reasons to cheer in 2024. The chipmaking company's market share for AI chips was nearly 90 per cent as of June 2024, according to Bloomberg. It is the third most valuable company in the world after Apple and Microsoft, as per Companiesmarketcap.

With Nvidia's growth in 2024, Nvidia CEO Jensen Huang's net worth has also surged. According to the Bloomberg Billionaires Index, Huang has added $76 billion to his net worth since the beginning of 2024, bringing his total net worth to $117 billion.

Other gainers

Huang's net worth has soared more than Jeff Bezos, the second richest person in the world, who has added nearly $70 billion to his net worth. As of December 16, the Nvidia CEO's net worth is at $117 billion. Among the top billionaires, the net worth of Huang has soared the most after Tesla boss Elon Musk and Meta founder Mark Zuckerberg.

The net worth of Elon Musk has risen by $226 billion, the highest on the list. Currently, Musk's net worth stands at $455 billion. Zuckerberg has added $91 billion this year, taking his net worth to $219 billion.

Huang currently serves as the President and CEO of Nvidia, a company specialising in AI technology. The company was founded by Jensen Huang, Chris Malachowsky, and Curtis Priem in 1993. It introduced AI-based services in 2012 through the AlexNet neural network, classifying images into 1,000 categories.

In October 2024, Nvidia surpassed Apple and became the most valuable company as stocks rose due to demand for its specialised AI chips. The chipmaker's value in the stock market hit $3.53 trillion, slightly more than Apple's $3.52 trillion, according to Reuters. The company's stock also rose about 18 per cent in October. Nvidia gained after Open AI announced a funding round of $6.6 billion.