NVIDIA Shares Raise CEO " Jensen Huang" Wealth to $46 Billion

The wealth of CEO of "Nvidia Corp" Jensen Huang increased by about $ 4.2 billion, after the company's profits and expectations exceeded estimates.

The company's shares rose as much as 10% in aftermarket trading, bringing Huang's total wealth to $46.1 billion, according to the Bloomberg Billionaires Index.

The index shows that Huang's ability to maintain this gain may place him in the list of the 25 richest people in the world. Huang's 3.5% stake in the company makes up the vast majority of his wealth.

The company's shares soared during the COVID-19 pandemic, when the cryptocurrency boom led to increased use of its chips for mining, before dropping nearly two-thirds over the course of a year, and then rising again. Its value so far this year has more than tripled, as demand for artificial intelligence soars.

Huang co-founded the company in 1993 and helped transform it from a maker of video game graphics chips to a dominant supplier to the accelerator industry that trains AI software.

The company doubled its revenue in the last quarter, and provided an optimistic forecast for demand and supply growth over the next year.

The company has chip manufacturing contracts with Taiwan Semiconductor Manufacturing Corporation (TSMC) and Samsung Electronics.