Nearly All Wealth Gained by World’s Rich This Year Comes From AI
- AI-related stocks are making world’s richest even richer
- Rally accounts for 96% of gain on Bloomberg Billionaires Index
Jensen Huang
Photographer: Mandel Ngan/AFP/Getty ImagesThis article is for subscribers only.
Nvidia Corp. co-founder Jensen Huang’s wealth has surged as a blistering rally in AI-related stocks pushed the chipmaker’s market value above Amazon.com Inc.’s for the first time.
The same rally has minted another billionaire in Huang’s own family: his distant cousin Lisa Su, chief executive officer of Nvidia competitor Advanced Micro Devices Inc., who’s worth $1.2 billion after the stock doubled over the past year.