Jensen Huang Joins $200 Billion Club As Nvidia Soars Over Potential China Deals
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Topline
Nvidia CEO Jensen Huang’s fortune climbed over $200 billion for the first time Thursday as shares in the chip designer rose over 4%, making him the seventh person in the world to actively have a net worth over $200 billion.
Nvidia shares rose over 4% Thursday while Huang travels in China with President Donald Trump.
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Key Facts
Huang’s net worth climbed to above $203 billion around 12:30 p.m. EDT on Thursday, with his fortune up more than 4% as Nvidia shares rose.
Nvidia’s stock price surged over 4%, trading around $235 per share, after Reuters reported the U.S. approved the sale of the company’s H200 chips to 10 Chinese tech firms.
Huang is one of several billionaires who joined President Donald Trump on his trip to China, alongside fellow tech CEOs including Tesla’s Elon Musk and Apple’s Tim Cook.
Chinese state media reported Trump introduced the tech CEOs to Chinese President Xi Jinping, who reportedly told the leaders China’s “door will only open wider” and “U.S. companies will enjoy even broader prospects in China.”
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