Nvidia CEO Jensen Huang receives a salary increase of 60% to $34 million

Nvidia CEO Jensen Huang’s Compensation Skyrockets to $34.2 Million, Securing His Place Among the World’s Richest Individuals

Nvidia CEO Jensen Huang’s compensation skyrocketed to $34.2 million in the 2024 fiscal year, marking a 60% increase from the previous year. This surge in compensation came as Nvidia’s share price soared on the back of the AI craze, with Huang becoming one of the world’s richest individuals.

The demand for Nvidia’s chips has been high, and during the fourth-quarter earnings call, Huang reassured analysts that they were being distributed fairly. The company’s dominance in the earnings season due to its AI chips has resulted in a tripling of its share price over the past year, making it one of the top three most valuable companies globally.

Huang’s personal wealth has also grown significantly, making him one of the world’s wealthiest individuals with a fortune of $80.5 billion. His stake in Nvidia is substantial at 3.8%. Other Nvidia executives have also seen increases in compensation, with Chief Financial Officer Colette Kress receiving about 22% more at $13.3 million.

Nvidia’s rank-and-file employees have also enjoyed pay increases, with the median employee earning $266,939 in fiscal 2024, up 17% from last year. The company’s share price closed higher at $913.56 on Tuesday, with stock prices up 85% so far this year and more than 200% over the past twelve months.

In conclusion, Nvidia CEO Jensen Huang received a significant compensation package last year due to high demand for their AI chips. As a result of this surge in demand and successes during earnings season, both Huang and other Nvidia executives saw significant pay increases and growth in personal wealth. With continued success and innovation in AI technology, it is likely that we will continue to see growth and success for both individuals and as a company as a whole.

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