Mark Zuckerberg and Jensen Huang, two of tech’s wealthiest and most well-known executives, noticed their internet value develop this yr by greater than anybody else’s on the planet.
The online value of Huang, the CEO of Nvidia, elevated by $76.5 billion thus far this yr, in accordance with the Bloomberg Billionaire Index. Simply behind Huang, was Fb cofounder and Meta CEO Mark Zuckerberg, whose internet value rose by $76 billion in 2024.
That is the same as or exceeds all the market cap of some corporations, comparable to fellow tech juggernaut Spotify and the spirits maker Diageo, which each have a market cap of $76 billion, in addition to CVS ($73 billion), Goal ($70 billion), and Capital One ($60 billion).
Zuckerberg and Huang are actually the third and eleventh richest individuals on the planet, respectively. Zuckerberg, who’s behind solely Tesla CEO Elon Musk and Amazon founder and government chair Jeff Bezos on Bloomberg’s wealthy record, has a complete internet value of $204 billion, whereas Huang is value $121 billion.
Each Zuckerberg and Huang benefited tremendously from the standout inventory efficiency of the businesses they helm. For the reason that begin of the yr, Nvidia’s share value has surged 192% and Meta’s went up 65%.
Each Meta and Nvidia are a part of the so-called Magnificent 7 of mega-cap tech shares which have powered a lot of the previous yr’s market rally. Buyers have rewarded each corporations for his or her solidified market positions—Meta in digital promoting and Nvidia in chip manufacturing—together with their AI-focused innovation pipelines and the regular management supplied by their executives.
The 2 executives management substantiation parts of their corporations’ shares. Zuckerberg owns about 13.5% of Meta inventory, amounting to about 345 million shares. In the meantime, Huang owns between 3.5% to 4% of Nvidia, totalling about 861 million shares. Nvidia’s inventory underwent a 10-to-1 inventory cut up in July.
Earlier this yr, Huang introduced his intention to promote as much as 6 million shares by the primary quarter of 2025. To take action, Huang adopted a pre-arranged plan meant to keep away from spooking buyers and completed promoting the 6 million shares in September, forward of the 2025 date he had beforehand introduced, in accordance to regulatory filings.
