Kathmandu. Jenson Huang, CEO of Nvidia, the world’s most valuable company, has sold shares worth about 36.4 million of the company. Huang took this step when his wealth is growing very fast. Now he has overtaken Warren Buffett in the list of the world’s richest people.
According to the Bloomberg Billionaires Index, Huang’s net worth has reached $ 144 billion and he is ranked ninth in the list of the world’s richest people. Huang’s net worth has increased by $29.4 billion this year and he has reached the top 10 for the first time. Warren Buffett, one of america’s leading investors, is at number 10 on this list with a net worth of $ 143 billion.
Huang sold 225,000 shares of Nvidia, cnbc reported. All this is being done under a pre-planned plan. According to the plan, Huang could sell six million shares of Nvidia by the end of this year.
In early June, Huang sold shares worth about $15 million under the same scheme. Last year, Huang sold shares worth about $700 million under a similar plan. Despite the sale, Huang still owns more than $858 million in Shares of Nvidia. He owns these shares directly and through various partnerships and trusts.
Nvidia is the first company in the world to achieve a market capitalization of $44 trillion. As demand for Artificial Intelligence (AI) hardware grows, Nvidia’s share has risen, along with Zhubalan’s wealth. Nvidia’s GPU (Graphics Processing Unit) has become very important in creating and running large language models. GPU is a type of processor. Which works to process graphics on a computer. – Agency
