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Nvidia's remarkable stock surge mints three board billionaires
The Straits Times
|January 04, 2025
Nvidia's banner year supercharged chief executive Jensen Huang's net worth to new heights.
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It also boosted three of the chipmaker's longest-serving board members into the billionaire ranks in a virtually unheard-of feat of wealth creation.
Mr Tench Coxe, on Nvidia's board since its start-up days, is worth US$5.4 billion (S$7.4 billion), according to the Bloomberg Billionaires Index, which is valuing his fortune for the first time.
With more than 32 million shares, he is the company's third-largest individual shareholder.
His billionaire peers include Mr Mark Stevens, who is the 298th-richest person in the world with a fortune of US$9.3 billion; and Mr Harvey Jones, who holds a US$1 billion position in the company and has sold more than US$300 million worth of shares, according to data compiled by Bloomberg.
This story is from the January 04, 2025 edition of The Straits Times.
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