Jensen Huang said demand will continue to outpace supply. Getty Images
The surge in AI stocks this year has led to huge increases in the wealth of US tech billionaires.
Seven tech billionaires collectively gained $230 billion from the rise in AI stocks.
Jensen Huang leads the way with a $50 billion increase in his wealth so far this year.
The continued surge in AI stocks has enriched US tech billionaires immensely.
Just seven billionaires have gained a combined $230 billion in wealth so far this year, thanks to the AI ​​revolution that's driving record highs in the stock market.
Nvidia co-founder and CEO Jensen Huang is leading the way in rising wealth, with the company's shares more than doubling this year after more than tripling in 2023. Huang owns about 3.5% of the company, which is now the world's third-largest company.
Nvidia, which makes the GPU chips that power generative AI products such as ChatGPT, Gemini and Anthropic, has helped other billionaires increase their huge fortunes as the tech sector booms.
Here are the seven billionaires who have amassed $230 billion so far this year, according to Bloomberg data:
7. Steve Ballmer
Former Microsoft CEO and Los Angeles Clippers owner Steve Ballmer. Stephen Ferdman/Getty Images
Year-to-date wealth increase: $17.7 billion
Total net worth: $148 billion
Source of wealth: Microsoft shares, up 14% so far this year.
6. Jeff Bezos
Reuters
Year-to-date wealth increase: $26.6 billion
Total assets: $203 billion
Source of wealth: Amazon shares, up 19% so far this year.
5. Sergey Brin
Lionel Hahn/Getty Images
Year-to-date wealth increase: $26.7 billion
Total net worth: $147 billion
Source of the wealth: Alphabet shares, which have soared 26% so far this year.
4. Larry Page
Google co-founder Larry Page in San Francisco, California, on November 2, 2015. Jeff Chiu/AP
Year-to-date wealth increase: $29 billion
Total net worth: $155 billion
Source of the wealth: Alphabet shares, which have soared 26% so far this year.
3. Michael Dell
Dell CEO Michael Dell. Dell
Year-to-date wealth increase: $38.1 billion
Total net worth: $116 billion
Source of wealth: Dell shares, up 117% so far this year.
2. Mark Zuckerberg
Mark Zuckerberg attends the UFC 300 event in Las Vegas in April. Jeff Botari/Getty Images
Year-to-date wealth increase: $42 billion
Total net worth: $170 billion
Source of wealth: Meta Platforms shares, which have soared 35% so far this year.
1. Jensen Huang
One analyst believes Nvidia is leading an AI revolution that could be called a “1995 moment.” Vincent Thian/AP
Year-to-date wealth increase: $49.6 billion
Total net worth: $93.6 billion
Source of wealth: Nvidia shares, which have soared 123% since the start of the year.
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