These 4 people benefit the most from the AI ​​boost, their wealth doesn’t matter

Jakarta –

The rise of AI or artificial intelligence has made several already rich technology managers even richer. Here are four billionaires who got richer this year thanks to AI, announced detikINET from Quartz:

Jensen Huang

Nvidia founder and CEO Jensen Huang has seen his net worth skyrocket due to high demand for Nvidia’s AI chips, which power some of the world’s leading AI models. Huang’s net worth rose to $63.5 billion so far this year to $107 billion, according to the Bloomberg Billionaires Index.

Most of Huang’s net worth comes from his 3.5% stake in Nvidia. According to the Forbes Billionaires List, Huang’s net worth is currently around $108.6 billion.

In June 2024, Nvidia passed Apple in total market capitalization and passed USD 3 trillion for the first time. Later, Nvidia overtook Apple and Microsoft to become the most valuable public company in the world. Despite falling back to third place, Nvidia remains the most valuable semiconductor company.

Michael Dell

The founder and CEO of Dell Technologies, Michael Dell, has raised 31.6 billion USD so far this year, according to the Bloomberg Billionaires Index. Most of Dell’s USC 110 billion net worth comes from his stake in the computer company, of which he owns about half.

The company’s shares are up about 58.4% so far this year. In March, Dell beat analysts’ earnings expectations, driven by demand for AI optimization in its server business.

“The momentum of our AI-optimized servers continues, with orders up nearly 40% sequentially,” said Jeff Clarke, Dell’s Vice Chairman. Clarke said Dell is just starting the his efforts in AI and he believes they will continue.

Mark Zuckerberg

Meta founder Mark Zuckerberg’s fortune increased by $78.1 billion this year, according to the Bloomberg Billionaires Index. On Friday, Zuckerberg surpassed Amazon founder Jeff Bezos as the second richest person in the world. Zuck’s net worth reached $206 billion, $1 billion above Bezos’s $205 billion.

Meta shares have gained about 69.5% so far this year. The company’s shares jumped 5% in July after announcing second-quarter earnings results that beat expectations, driven by its AI business.

“We had a strong quarter, and Meta AI is on track to become the most used AI assistant in the world by the end of the year,” Zuckerberg said.

Larry Ellison

In September, the founder of Oracle, Larry Ellison, passed the founder of Amazon Jeff Bezos in wealth, making Ellison the second richest person in the world. Ellison’s net worth is around USD 206.8 billion according to Forbes.

Oracle shares are up about 62.7% so far this year on its cloud business. Ellison owns about 40% of Oracle’s outstanding shares, according to Forbes.

Demand for Oracle’s AI technology is so strong that other cloud leaders are using Oracle’s AI computing power, even if they have their own data centers. In June, Microsoft and OpenAI announced that they would use OCI for AI workloads.

(fyk/fyk)