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tencent technology news according to foreign media reports,nvidiaceo jensen huang's net worth soared by about $14 billion in five trading days this week, putting him back into the $100 billion club and once again making him the person with the biggest gain in wealth in the world this year.

huang’s net worth fell from the $100 billion elite last week. as of friday’s close, his net worth was $90.5 billion, according to the bloomberg billionaires index. but as of friday’s close, huang’s net worth reached $104 billion, moving up two spots.

huang's net worth has increased by $60.5 billion this year, outperforming mark zuckerberg, ceo of facebook's parent company meta, whose net worth has increased by $58.6 billion, andoraclefounder and chairman larry ellison (up $50 billion) has seen the biggest increase in personal net worth year-to-date, while huang renxun’s personal wealth has increased by about 140% in less than nine months.

huang renxun's personal net worth has soared, thanks to nvidia's stock, which is in the midst of a historic surge. huang renxun's wealth is closely related to nvidia's stock performance. he holds about 3.5% of nvidia's shares and has recently reduced his holdings. it is reported that huang renxun adopted the so-called 10b5-1 rule trading plan on march 14, 2024, and will sell up to 600,000 shares of nvidia by march 31, 2025. from june 1 to august 8, huang renxun sold a total of 4.8 million shares of nvidia, with a cumulative cash out amount of nearly us$580 million.

net assets fluctuate dramatically

at a time when technology stocks are volatile, nvidia's stock price has experienced dramatic fluctuations, which has also directly affected huang renxun's personal wealth. according to the bloomberg billionaires index, huang renxun's net worth plummeted by about $10 billion to $94.9 billion in one day on september 3, the largest single-day drop since the index began tracking his wealth in 2016. previously, huang renxun's net worth once reached $119 billion, ranking 11th on the forbes world's richest list. however, before this week's rebound, nvidia's market value had shrunk by nearly 30% in the past two months since its stock price hit a record high in june.

despite this, nvidia's outstanding performance in the artificial intelligence industry has caused its market value to soar, making it a leader among technology stocks. although nvidia's stock price has recently adjusted back, its cumulative increase this year has still reached 141%, and it has risen 2,219% in the past five years. in the five trading days this week, nvidia's stock price rose 15.8%.

nvidia's success is deeply rooted in its keen insight and forward-looking layout of artificial intelligence technology. with its powerful gpu technology, it has quickly occupied the commanding heights of the market. despite the stock price fluctuations, most analysts still hold a "buy" rating for nvidia and are optimistic about its good long-term prospects.

the boom in artificial intelligence has brought significant wealth accumulation to major shareholders of companies that are expected to benefit from this trend and play a key role in technological innovation. this rapid growth has pushed nvidia's market value to about $2.9 trillion, second only toappleandmicrosoft, becoming the world's third largest listed company by market value. although nvidia's revenue last quarter was $30 billion and its net profit was about $17 billion, investors are more concerned that these figures have doubled in the past year, showing the company's huge growth potential in the future.

a feast for tech tycoons

in a year of tech stock rebound, the wealth growth of tech tycoons is particularly striking. according to forbes, zuckerberg's net worth has increased by $58.6 billion this year, thanks to the strong rebound in meta's stock price. most of zuckerberg's net worth is closely related to the stock of the company he founded. according to meta's proxy statement filed in april, he is meta's largest individual shareholder, owning approximately 345.5 million shares, of which approximately 344 million are class b shares, a special type of meta stock that gives the holder 10 votes per share. he owns 99.7% of this class of stock.

meta's stock price has also soared this year, up 49%. just in february of this year, meta's stock price jumped 20% after an earnings call, and zuckerberg's net worth increased by $28 billion in one day. since its low point in 2022, meta's stock price has soared more than five times, and the company's market value has reached $1.3 trillion. meta's layout in the field of artificial intelligence and its strategy of effectively controlling expenditures have won wide recognition from investors, laying a solid foundation for the surge in stock prices.

zuckerberg currently ranks third on the bloomberg billionaires list, behind onlyteslaand spacex ceo elon musk andamazonfounder and executive chairman jeff bezos.

musk and bezos are worth $251 billion and $201 billion, respectively. both of these well-known tech executives have also seen significant increases in their personal wealth this year. bezos remains amazon's largest individual shareholder after stepping down as amazon's ceo in 2021.

musk, who owns several companies, has a majority of his net worth from his tesla stock. his compensation at tesla has been a hotly debated issue. in 2018, the board signed off on a uniquely structured all-or-nothing pay package that would give him a huge stock bonus if he hit certain performance targets, but nothing if he didn't, no matter how close he got to the target. but his $56 billion pay package has become the subject of a shareholder lawsuit in delaware. musk is doing everything he can to try to revive the package after a judge declared it invalid in january. (compiled by wu ji)