Billionaires
Nvidia’s Rise Carries Stevens Past NBA Ban to $9 Billion Fortune
- Mark Stevens is second-largest insider shareholder after Huang
- Former Sequoia partner also co-owns the Golden State Warriors
This article is for subscribers only.
Venture capitalist Mark Stevens was early to Nvidia Corp.’s relentless stock rally. Three decades early, to be exact.
The Nvidia board member first invested in the chipmaker in 1993 as a newly minted partner at Sequoia Capital. It’s been a bumpy ride since then: By Stevens’ count, Nvidia survived at least three near-death experiences before the AI craze sent its stock surging, pushing the value of his holding to about $4.7 billion.