Elon Musk, the world’s richest billionaire, saw his net worth rise significantly this year, thanks to a 29% surge in Tesla shares 📈. According to reports, Musk’s wealth reached $315.7 billion (approximately Rs 26,67,279 crore) in 2024, driven by $84.7 billion (approximately Rs 7,15,611 crore) in annual earnings. However, despite these impressive figures, the title of the year’s highest earner belongs to an Asian tech entrepreneur who has reshaped the world of computing: Jensen Huang, the co-founder and CEO of Nvidia. 🌟💻
Jensen Huang’s Meteoric Rise in Wealth 🏆
Jensen Huang, a Taiwan-born billionaire ranked ninth on Forbes' real-time billionaire list 🥇, outpaced Musk with annual earnings of $84.8 billion (approximately Rs 7,16,456 crore). His current net worth of $127.2 billion (approximately Rs 10,74,453 crore) places him ahead of Indian billionaire Mukesh Ambani, whose fortune stands at $96.6 billion (approximately Rs 8,16,161 crore). 🌏💸
🔷 Huang's rise to the top is credited to Nvidia's phenomenal success. Founded in 1993 alongside Chris Malachowsky and Curtis Priem, Nvidia has become a global leader in graphics processing units (GPUs) and artificial intelligence (AI) technologies 🧠. Over the past five years, Nvidia’s value has skyrocketed by an astounding 2,280% 🚀. This growth has added $114 billion (approximately Rs 9,63,171 crore) to Huang’s wealth, according to reports.
🔷 Nvidia’s market cap now stands at $3.621 trillion 💹, making it one of the world’s most valuable publicly traded companies. The company even surpassed tech giants like Apple 🍎, whose market cap currently sits at $3.430 trillion. Nvidia’s dominance in the AI and computing space is the key driver behind this historic achievement. 🔑✨
Mark Zuckerberg and Larry Ellison Among Top Earners 📊
Apart from Huang and Musk, other notable billionaires have also seen significant wealth gains in 2024:
🔷 - Mark Zuckerberg 🧑💻, CEO of Meta, earned $80.5 billion (approximately Rs 6,80,134 crore) this year, making him the third-highest earner. His net worth now stands at $195.6 billion (approximately Rs 16,52,598 crore), securing the fourth spot on Forbes' billionaire list. 🌐💵
🔷 - Larry Ellison 💾, co-founder and chairman of Oracle, emerged as the fourth-highest earner, making $79.4 billion (approximately Rs 6,70,868 crore). A surge in Oracle’s shares earlier this year boosted his net worth to $233.2 billion (approximately Rs 19,70,276 crore), making him the second-richest person in the world. 🏅📈
A New Chapter in Global Wealth 🌍💎
The 2024 billionaire rankings highlight the dominance of technology-driven wealth. Jensen Huang’s ascent underscores the transformative power of AI and semiconductors, while the continued growth of Tesla ⚡, Meta 🌐, and Oracle 💻 reflects the resilience of innovative technology companies. With Nvidia’s continued momentum, Huang’s leadership in the tech industry is sure to leave a lasting impact. ✨