‘Finger Flowering Banana Tree’ Nvidia Chief – 2024-06-21 05:38:47

Good times have come to the fold of tech giant Nvidia. The company’s share price is increasing rapidly. And the wealth of Nvidia’s co-founder and chief executive has also blossomed because of it. In the last few days, he has become a banana tree with swollen fingers.

It is known that Jensen Huang’s wealth increased by at least 4 billion dollars in one day last Tuesday (June 18). Its amount in Bangladeshi currency is more than 47 thousand crore rupees.

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As a result, the Nvidia CEO has advanced to the list of the world’s top richest people. According to the Forbes Billionaires Index, he is currently the 11th richest person in the world. His current assets amount to 11 thousand 8 billion dollars.

But in 2019, Jensen Huang was 546th in this list. That is, in the next five years, his wealth increased by more than 11 thousand 4 billion dollars. During this time his wealth growth rate was 2250 percent.

At the end of 2023, Huang was the 76th richest person on the list. At that time his total wealth was 2 thousand billion dollars. Since then, his wealth has been increasing by leaps and bounds.

The 61-year-old businessman has acquired most of his wealth from a 3.5 percent stake in chip maker Nvidia.

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In 1993, Jensen Huang, who holds a degree in electrical engineering, founded Nvidia with Chris Malachowski and Curtis Prim. He has been the CEO and President of the company since its inception.

Nvidia was transformed into a public limited company in 1999. Its share price has seen a boom in recent years.

Nvidia surpassed Apple in market value earlier this month. Its share price rose 3.5 percent to $136 on Tuesday. As a result, they became a more expensive company than the tech giant Microsoft.

Currently, Nvidia’s market value is $334 billion, which is almost twice as much as it was at the beginning of this year. Their rival Microsoft’s current market value is $3.32 billion and Apple’s market value is $3.29 billion.

Source: NDTV
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