Kathmandu. Whenever the world’s most valuable companies are discussed, the names of Google, Apple, etc. come up. However, there is one company that has rapidly achieved the status of the world’s most valuable company.
Not only the company is rich, but most of the employees working there are millionaires. Nearly half of the employees have assets worth more than $25 million. The company’s CEO is also among the top 10 richest people in the world. The name of this company is Nvidia.
Nvidia is an American chip manufacturer. Nvidia has a market capitalization of $4.455 trillion. Microsoft is in second place in terms of the highest market capitalization and Apple is in third place. Google is in fourth place and Amazon is in fifth place.
Nvidia’s share in the US S&P 500 index has reached 8 percent. In the United States, such record-keeping began in 1981, and no company has reached this position so far. Nvidia is the first company to reach this position.
How many employees are millionaires?
According to a survey, about 78 percent of nvidia employees are millionaires. Also, nearly half of the employees have assets worth more than $25 million. The survey was conducted on more than 3,000 employees at Nvidia.
One of the main reasons why these employees have so much wealth is the company’s stock purchase program. Under this program, employees get a chance to buy shares at a discount of 15 percent. In addition, Nvidia’s share price has surged significantly in recent months. It has also increased the wealth of employees.
CEO is also very wealthy
The company’s CEO Jensen Huang is also very wealthy. His wealth has increased significantly in the last few months. Jensen currently has a net worth of $159 billion. With so much wealth, he is the eighth richest person in the world. His net worth has increased by more than $44 billion this year.
The market capitalization of Nvidia company is also growing very fast. The situation is such that today this company has become the world’s highest market value company. Its share price has increased by more than 65 percent in the last one year. Since January this year, there has been an increase of more than 30 percent. The main reason for the increase in the company’s stock price is the increasing demand for AI chips. These chips are used on computers and mobile phones.
