Nvidia CEO Jensen Huang has completed a major pre-planned stock sale, unloading over $1 billion worth of company shares since June. The transactions concluded with a final sale of 25,000 shares on Friday, fulfilling a plan set in March to sell up to six million shares by year-end. When the sales began, the shares were valued at around $865 million, but Nvidia’s surging stock—driven by soaring demand for AI chips—boosted the total to over $1 billion, according to Bloomberg.
The California-based tech giant recently became the first company to reach a $5 trillion market cap, just months after crossing $4 trillion, creating several new billionaires among its leadership. Huang, 62, now ranks ninth on Bloomberg’s Billionaires Index with a $175.7 billion fortune, up $61.3 billion this year. He still holds about 3.5% of Nvidia, having sold roughly $2.9 billion in stock since 2001 and donated $300 million in shares this year.
Other insiders are also profiting: Arista Networks CEO Jayshree Ullal sold $861 million in shares, while Nvidia board members Tench Coxe and Mark Stevens have joined the global billionaire ranks.
