Nvidia CEO Jenson Huang received a 60 percent pay raise in the company's 2024 fiscal year due to a massive rally in the stock price based on demand for AI and triple-digit growth percentages for revenue and operating profit.
Nvidia CEO Jensen Huang and the $2 trillion company powering today's AI | 60 minutes
Huang's package grew to US$34.16 million compared to US$21.35 million the previous year. This consisted of an unchanged base salary of $996,515, stock awards of $26.67 million, non-equity incentive compensation of $4 million and all other compensation of $2.494 million.
For someone reportedly worth $81.7 billion, at least according to Forbes, the financial fillip from Nvidia's last fiscal year likely barely registered in Huang's bank account. He owns 3.79 percent of the chipmaker's total share base.
Is he worth that kind of payout? Huang helped position the company for the AI wave of demand (more than 40,000 companies are using Nvidia GPUs for AI, Nvidia claims) and presided over some mighty impressive growth numbers at Nvidia.
