According to the Forbes Real Time Billionaires IndexJensen Huang’s net worth rose by $5.2 billion to $179.6 billion as of 30 October. Nvidia’s shares surged over 5% on Wednesday’s Wall Street session, pushing the company’s market capitalisation (M-Cap) past the $5 trillion mark.
As per the index, Jensen Huang is the eighth richest person in the world, surpassing former Microsoft CEO Steve Ballmer, whose net worth stands at $161.9 billion, and Dell founder Michael Dell, valued at $158.1 billion.
Most of Huang’s fortune stems from his stake in Nvidia, which he co-founded in 1993 with Chris Malachowsky and Curtis Priem. The Santa Clara, California-based company is a global leader in AI chips and computer processors, powering technologies like Sam Altman-led OpenAI’s ChatGPT and Elon Musk’s xAI.
Born in Taiwan and raised in Thailand, Huang has been president and chief executive of Nvidia since its founding in 1993. The company held its initial public offering in 1999.
Bloomberg reported that, as of March 2025, he owned around 3.5% of Nvidia in his own name and in family trusts.
Under Huang’s leadership, the company’s H100 and Blackwell processors have driven large-language models used in tools such as ChatGPT and xAI.
Nvidia’s m-cap hits $5 trillion
Nvidia’s market capitalisation touched $5 trillion, and its share price jumped following the company’s announcement of $500 billion in orders for its AI processors and its plans to build seven new supercomputers for the US Department of Energy.
The leading chipmaker has recorded several market cap milestones since marking its billion-dollar valuation in June 2023.
Nvidia’s market cap has quickly surpassed significant milestones, first hitting $1 trillion in June 2023 and then taking just 180 trading days to reach $2 trillion. Just 66 trading days later, the company’s m-cap hit $3 trillion, and in just 273 more trading days, it exceeded a $4 trillion market cap in July.
Nvidia continues to lead in the AI race, while its big tech peers, Apple and Microsoft, have also recently reached $4 trillion in market value.
On Tuesday, Huang began his keynote speech at a developer conference in Washington by praising US President Donald Trump’s policies while announcing new products and partnerships.
Nvidia remains a leader in global AI adoption, constantly forming new deals despite the ongoing US-China trade conflict. This rivalry may determine which country’s technology prevails in worldwide markets. The leading chipmaker announced plans to invest $1 billion in Nokia, highlighting that the funds will be used in part to support its AI initiatives.
