Nvidia CEO Jensen Huang completes $1 billion share sale

Core Insights - Jensen Huang, CEO of Nvidia, completed a pre-planned stock sale, unloading over $1 billion worth of shares since June, with the final sale of 25,000 shares reported recently [10][11] - Nvidia's stock value increased over 40% since Huang began selling, reaching a market value of $5 trillion, making it the first company to achieve this milestone [10][11] - Nvidia has created three new billionaires this year, including board member Brooke Seawell, as the stock surged [10][11] Stock Sales and Wealth Creation - Huang's stock sales were part of a plan initiated in March to sell up to 6 million shares by year-end, starting with a stock value of approximately $865 million [10][11] - Nvidia insiders, including Huang, sold nearly $1.5 billion worth of stock through the third quarter, with total insider sales exceeding $2 billion in 2024, a significant increase from $462 million in 2023 [6][11] - The company has produced seven billionaires among its ranks, highlighting an unprecedented level of wealth creation in the tech industry [6][11] Executive Wealth - Nvidia's CFO Colette Kress and executive vice president Jay Puri each gained net worths of about $1.2 billion recently [7][11] - Board member Tench Coxe has a net worth of $7.5 billion, while fellow director Mark Stevens has a fortune of $12.5 billion, largely from Nvidia stock [8][11] - Brooke Seawell, the newest billionaire from Nvidia, confirmed a net worth of $1.1 billion [9][11]