Business News of Saturday, 4 January 2025

Source: punchng.com

Nvidia’s surprise boom lifts CEO, three board members to billionaires

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Nvidia Corp.’s meteoric rise in 2024 has propelled its CEO Jensen Huang to a billionaire and minted three of the chipmaker’s longest-serving board members as billionaires.

Tench Coxe, who has been on Nvidia’s board since its early days, now boasts a net worth of $5.4 billion, according to the Bloomberg Billionaires Index. Coxe, 66, is the company’s third-largest individual shareholder with over 32 million shares.

All three billionaire directors have served on Nvidia’s board for over thirty years. Together with Huang, they hold a collective net worth exceeding $130 billion, placing Nvidia among the top 10 wealthiest corporate boards globally.

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