NVIDIA has grown tremendously in the past few years, and with that, CEO Jensen Huang decided to take a raise in salary, that too, after a whole decade.
NVIDIA CEO Compensation Packages Now Grow Up To $49.9 Million; Takes a Raise After Decade of Hard Work
It won't be wrong to say that in recent years, NVIDIA has managed to see a massive rise in market valuation, reaching up to $3 trillion. Mainly driven by the AI hype, the firm has managed to capitalize on the demand for computing power, and a huge part of the company's success is due to its CEO's commitment towards AI and recognizing the hype early on. It seems like Jensen has started to take credit for the company's recent success, which is why, according to a new proxy filing at the SEC, the NVIDIA CEO's base salary has risen to $1.5 million per month, marking a 50% rise coming after a decade.
Jensen will now earn $49.9 million in the current fiscal year, which includes $38.8 million in stock awards and other expenses. Interestingly, the filing also claims that the company's median salary is around $300,000. This means that NVIDIA's CEO earns 166 times more, which might look like a big gap, but is a fair one considering how massive Team Green has grown in recent years. AMD's CEO, Lisa Su, is said to have a base salary of $1.26 million, so Jensen has been kind when it comes to financial commitments to his company.
You might be surprised to note that Jensen comes at the 17th spot in the Bloomberg Billionaire Index, where most of his wealth is derived from his stake in NVIDIA. He is valued at $97.9 billion, and in recent times, with NVIDIA's stock seeing parabolic growth, Jensen rose in the billionaire ranks, and by the looks of it, he is poised for further growth as well.
Despite NVIDIA's successes in the past, the firm is now in a tough spot, given that with the Trump administration, Team Green is finding it much more difficult to sustain its position in key markets like China.
About the author: Muhammad Zuhair is a hardware and technology reporter for Wccftech, specializing in the semiconductor industry and the complex interplay between technology, manufacturing, and geopolitics. His coverage focuses on the corporate strategies and technological roadmaps of industry giants like TSMC, NVIDIA, Samsung, and Intel. Zuhair's expertise lies in deconstructing complex topics such as fabrication nodes (e.g., 2nm process), the economic impact of policies like the CHIPS Act, and the strategic development of AI infrastructure from NVIDIA, AMD and Intel.
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