"As of Monday's close, Nvidia's Jensen Huang had a net worth of $147 billion, per the Bloomberg Billionaires Index. That puts him just behind Warren Buffett, who has a $148 billion fortune, even though Buffett's Berkshire Hathaway is worth about a quarter as much as Nvidia, and Buffett has gifted more than half of his Berkshire stock to foundations since 2006."
"Ahead of Nvidia's IPO in 1999, Huang owned 12.8% of the company. That stake would be worth over $500 billion today. While it's typical for founders to sell shares and see their ownership diluted when their companies go public, Huang has seen a far more significant and prolonged decline in his stake. It fell to 9.9% in 1999, 7.1% in 2003, 4.4% in 2010, then stabilized between 3.5% and 4% from 2020 through this summer, filings show."
Jensen Huang, cofounder and CEO of Nvidia, has a net worth of $147 billion and ranks tenth on the global rich list. Nvidia's market value far exceeds most peers, yet Huang owns under 4% of the company. His stake fell from 12.8% before the 1999 IPO to 9.9% in 1999, 7.1% in 2003, 4.4% in 2010, and stabilized between 3.5% and 4% from 2020 through this summer. Heavy dilution of early holdings explains why Huang's fortune trails larger shareholders who retain bigger stakes in their companies. Warren Buffett's $148 billion fortune and Bernard Arnault's $164 billion fortune reflect larger ownership stakes, while Elon Musk's $383 billion fortune is concentrated in Tesla and SpaceX valuations.
Read at Business Insider
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