May 18, 2023 04:01 PM

BUSINESS

Nvidia Chip King's Fortune Doubles This Year to $27.3 Billion on AI Boom

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Nvidia CEO Jensen Huang. Photo: Bloomberg

Nvidia CEO Jensen Huang. Photo: Bloomberg

(Bloomberg) — Insatiable demand for artificial intelligence investments has made chipmaker Nvidia Corp. the best-performing stock on the S&P 500 this year. It’s also given the fortune of Chief Executive Officer Jensen Huang a major boost.

Huang’s wealth has grown 98% this year to $27.3 billion, making him the biggest gainer among U.S. and global tech billionaires, according to the Bloomberg Billionaires Index.

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