With its share price falling by 29.5% this year, the market has questioned Musk's multi-line operations strategy and its impact on the company's future. As CEO of Tesla, Musk also manages SpaceX, Neuralink, The Boring Co., as well as his recently acquired social media platform X (formerly Twitter) and AI startup xAI.$NVIDIA (NVDA.US)$With a market cap exceeding $3 trillion, the CEO of the company, Huang Renxun, has steadily climbed the ranks on the global rich list.
Huang Renxun reached another milestone on Friday, surpassing personal computer pioneer Michael Dell to become the world's 13th richest person with a net worth of $106.1 billion. With the demand for AI chips driving up Nvidia's stock price, his wealth surged by over $62 billion this year.
Huang Renxun's wealth comes from his 3.5% ownership of Nvidia. In 1993, he co-founded Nvidia with Chris Malachowsky and Curtis Priem. On Wednesday, Nvidia became the first computer chip company with a market cap exceeding $3 trillion, surpassing Apple. As of Friday's close, Nvidia's stock price was $1,208.88, with a market cap of $2.97 trillion.
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59-year-old Dell has a net worth of $105.9 billion. In early March of this year, the company's stock price hit a historic high, making the CEO a member of the global billionaire club. $Dell Technologies (DELL.US)$The company's stock price reached a historical high, making this CEO a member of the global billionaire club.
Editor/Emily