Jensen Huang has seen major success with Nvidia and, according to the Wall Street Journal, invested some of it in properties for him and his family over the years.
The CEO of Nvidia has reportedly accumulated a reported net worth of $77.2 billion thanks to the AI chipmaker he created with Chris Malachowsky and Curtis Priem. The real estate footprint that Huang has created with his 11-figure net worth spans two states, The Journal reported earlier this week. Nvidia declined to comment. On the Hawaiian island of Maui, the Nvidia CEO reportedly owns a large, seven-bedroom home that has beach frontage.
Hawaii has become a popular destination for the wealthy to purchase property over the years. The nearly 8,000-square-foot house has belonged to Huang since 2004, when he splashed out $7.5 million to acquire it, according to The Journal. Huang’s other real estate is located in California, the outlet reported.
The house sits on over an acre of land and has a pool, according to Zillow. Huang’s past real estate holdings include a starter home he sold in the late 80s and a subsequent 2,300-square-foot home he offloaded in 2002, both in San Jose, according to The Journal. He reportedly parted ways with the latter, which he bought before starting Nvidia, for $162,000 more than he spent to acquire it. Huang has run Nvidia as its CEO since co-founding the tech firm in the early 90s.
In the fourth quarter, it brought in $22.1 billion in revenue, a massive increase of 265% from the same period a year ago. Its net income jumped 769% year-over-year. "Demand is surging worldwide across companies, industries and nations," Huang said in February of accelerated computing and generative AI.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia CEO is $9.6B richer as AI chipmaker's stock soarsNvidia CEO Jensen Huang posted a $9.6 billion increase in his net worth Thursday. The increase coincided with the chip maker's stock seeing a jump of its own.
Read more »
Oscars 2024: How A 'Home Video' of Two Taiwanese Grandmas Became An Award ContenderJosie Huang covers Asian American communities for the LAist and KPCC newsroom.
Read more »
Latest Results: LA City CouncilJosie Huang covers Asian American communities for the LAist and KPCC newsroom.
Read more »
JIA plots 770hp hybrid Jensen Interceptor FFBritish tuner reckons it can future-proof Jensen's all-wheel-drive legend with front-mounted electric motors
Read more »
Nvidia’s next mission: Make even more financial historyNo company has ever posted financial results quite like Nvidia’s, but that just means Wall Street now expects the Silicon Valley chip maker to do something else that has never been done
Read more »
Humanoid robot startup attracts big tech investors, including Bezos, OpenAI, and NvidiaThe startup, founded in 2021 by former Google engineers, aims to create robots that can perform tasks that are too dangerous, tedious, or complex for humans.
Read more »