According to U.S. Securities and Exchange Commission A report disclosed by the Securities and Exchange Commission (SEC) on Friday (October 31) revealed that Jensen Huang sold 25,000 shares of Nvidia that week as planned. stock.
Following this week's sale, Jensen Huang has completed his plan, set in March of this year, to sell up to 6 million shares by the end of the year. Since beginning the sale in June, Huang has cashed out over $1 billion.
When he began selling stocks at the end of June, they were worth approximately $865 million, but this was due to market uncertainty surrounding artificial intelligence. Demand for (AI) chips remains strong, and the stock price has since risen by more than 40%.
At this week's GTC conference, Jensen Huang announced a series of new partnerships. On Wednesday, Nvidia's total market capitalization surpassed $5 trillion, making it the first publicly traded company in the world to reach this milestone, just four months after surpassing the $4 trillion mark.
Currently, 62-year-old Jensen Huang ranks ninth on the Bloomberg Billionaires Index, with a personal fortune of [amount missing]. $176 billion, an increase of $61.3 billion this year. Data shows that Huang Jen-hsun currently still holds approximately 3.5% of the company's shares.
While many American tech companies have benefited from the AI boom, Nvidia is an almost unprecedented wealth-generating machine—with seven billionaires within the company, including Jensen Huang himself.
In the past few months, Nvidia's Chief Financial Officer Colette Kress and Executive Vice President of Global Sales and Marketing Jay Puri have also become billionaires, with their net worth around $1.2 billion each.
Meanwhile, board member Tench Coxe entered the list of the world's 500 richest people with a net worth of $7.5 billion, board member Mark Stevens ranked 247th with a fortune of $12.5 billion, and board member Harvey Jones held approximately $1.5 billion in shares.
The latest addition to this wealth feast is Nvidia director Brooke Seawell, who confirmed that he and his family have a net worth of approximately $1.1 billion.
According to data from the Washington Service, which tracks insider trading, Nvidia insiders sold nearly $1.5 billion worth of stock in the first three quarters of this year. This compares to over $2 billion for the full year of 2024 and only $462 million for the entire year of 2023.
(Article source: CLS)
