---
title: "Nvidia’s Surge Puts CEO Jensen Huang on Cusp of Cracking World’s 20 Richest"
description: "Nvidia Corp. Chief Executive Officer Jensen Huang said artificial intelligence has hit a “tipping point,” sending the stock to new dizzying heights."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Newsdeck"
author: "Bloomberg"
author_url: "https://www.dailymaverick.co.za/author/bloomberg/"
canonical_url: "https://www.dailymaverick.co.za/article/2024-02-22-nvidias-surge-puts-ceo-jensen-huang-on-cusp-of-cracking-worlds-20-richest/"
published: "2024-02-22T18:48:13"
lang: "en-ZA"
word_count: 224
---

# Nvidia’s Surge Puts CEO Jensen Huang on Cusp of Cracking World’s 20 Richest

> Nvidia Corp. Chief Executive Officer Jensen Huang said artificial intelligence has hit a “tipping point,” sending the stock to new dizzying heights.

By Bloomberg · Published 22 February 2024, 20:48 SAST

## Content

Nvidia Corp. Chief Executive Officer Jensen Huang said artificial intelligence has hit a “tipping point,” sending the stock to new dizzying heights.

The renewed rally has Huang on the verge of his own breakthrough: becoming one of the 20 richest people in the world.

Huang’s wealth jumped $8.5 billion to $68.1 billion Thursday, a gain that will leapfrog him ahead of Charles Koch and Chinese bottled-water tycoon Zhong Shanshan to 21st place on the Bloomberg Billionaires Index. It’s a remarkable rise for the co-founder of the semiconductor company, who was ranked 128th with a net worth of $13.5 billion as recently as early last year.

Nvidia surged 16% Thursday to a record high, adding over $230 billion in market value. That would be the [biggest single-session increase](https://www.bloomberg.com/news/articles/2024-02-22/nvidia-to-top-meta-record-with-nearly-250-billion-value-jump) in market history, beating Meta Platforms Inc.’s $197 billion gain earlier this month. The company was able to beat sky-high investor expectations with a revenue forecast that was more than $2 billion ahead of analyst expectations.

Read More: [What Bubble? Nvidia Profits Are Rising Even More Than Its Stock](https://www.bloomberg.com/news/articles/2024-02-22/what-bubble-nvidia-profits-are-rising-even-more-than-its-stock)

Nvidia’s rally boosted the fortunes of the 28 billionaires on Bloomberg’s wealth list who attribute at least some of their wealth to AI by a combined $35.7 billion. Charles Liang, CEO of Super Micro Computer Inc., was the biggest winner on a percentage basis with a 19% jump.