Nvidia CEO's net worth nears $120 billion as shares surge on Saudi chip deal

Reuters

Tue, May 13, 2025, 3:08 PM 1 min read

(Reuters) - Nvidia CEO Jensen Huang's idiosyncratic nett worthy jumped to astir $120 cardinal connected Tuesday, up from $80 cardinal past year, arsenic a roar successful request for the company's artificial quality chips has powered a steep rally successful its shares.

Nvidia deed $3 trillion successful marketplace worth aft it agreed to merchantability hundreds of thousands of AI chips successful Saudi Arabia with galore chips to an AI startup launched by its sovereign wealthiness fund, successful a motion request for its top-line processors is inactive booming.

The company's shares closed 5.6% higher astatine $129.93. The woody came arsenic a portion of U.S. President Donald Trump's Gulf tour, which helium kicked disconnected successful Saudi Arabia with plans to sojourn the UAE aboriginal successful the week.

Huang has played a captious relation successful making Nvidia 1 of the world's astir invaluable companies by positioning the chipmaker arsenic the ascendant unit successful the AI semiconductor industry.

The latest boost to his nett worthy puts him among the world's wealthiest people, but conscionable retired of the apical ten, according to Forbes' real-time billionaires list.

(Reporting by Zaheer Kachwala successful Bengaluru; Editing by Arun Koyyur)