Nvidia’s Huang Is Now Richer Than Every Member of Walmart’s Founding Family

Jensen Huang’s fortune catapulted past Jim, Rob and Alice
Nvidia shares jumped after another bullish sales forecast

WATCH: Dan Ives of Wedbush Securitie, examines first-quarter earnings from Nvidia and sees accelerating demand amid “a tidal wave of spend” in tech.Source: Bloomberg

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By Diana Li and Jack Witzig

May 23, 2024 at 8:36 PM UTC

This article is for subscribers only.

Another blowout quarter from chipmaker Nvidia Corp. catapulted co-founder Jensen Huang’s fortune past each individual member of the Waltons, America’s richest family.

Huang’s net worth jumped to $91.3 billion Thursday, bumping him up three spots on the Bloomberg Billionaires Index to become the 17th-richest person in the world. Nearly all his wealth is in Nvidia stock, which rose 9.3% after a bullish sales forecast that reinforced the company’s status as the biggest beneficiary of artificial intelligence-related spending.