Jensen Huang- Nvidia's CEO- is now the 11th richest person in the world as his net worth increased by more than $4 billion, reports Hindustan Times.

This is his highest ranking yet on Forbes’ real-time billionaire list and comes after Nvidia became the world’s most valuable public company owing to an artificial intelligence-driven surge. As the company's shares rose more than 3% on June 18, Jensen Huang’s net worth increased to around $119 billion.

Jensen Huang has served as Nvidia’s chief executive and president since cofounding the company in 1993. The company went public in 1999 and has surged in trading in recent years. The company recently executed a stock split that cut Nvidia’s share price below $130 after trading above $1,200.

Huang is now richer than Mukesh Ambani and just behind former Microsoft CEO Steve Ballmer in the Forbes rich list. He owns a 3 percent stake in Nvidia. In the beginning of 2024, his net worth was $77 billion, as per Forbes’ estimates. But since, the company’s market cap has increased by 177 percent to $3.33 trillion.

Yes, the company said in a securities filing last month that the tech boss would sell 600,000 shares of the company through March 2025.

In 2019, Jensen Huang was 546th-richest person in the world as per Forbes. In 5 years, his net worth has increased by $114 billion. He was worth $21 billion last year ranking him as the world’s 76th-richest person.