Another Nvidia Board Member Has Become A Billionaire

Nvidia shares grew 171% successful 2024, starring to precocious minted billionaires.

Tench Coxe, 66, a unit of Nvidia's committee since 1993, has earned a spot connected nan Bloomberg Billionaires Index for nan first time, nan publication reported connected Thursday.

According to nan Index, Coxe is now worthy $5.4 billion. He's Nvidia's third-largest individual shareholder, pinch 32 cardinal shares, down Nvidia co-founder and CEO Jensen Huang (75 cardinal shares) and chap committee unit Mark Stevens (38 cardinal shares).

Coxe isn't Nvidia's only billionaire committee member. Stevens made nan Bloomberg Billionaires Index for nan first clip successful July 2024 and has a nett worthy of $9.3 cardinal astatine nan clip of writing. Another committee unit who joined Nvidia erstwhile it was founded successful 1993, Harvey Jones, has a $1 cardinal liking successful Nvidia, per Bloomberg. Huang, too a committee member, is worthy complete $120 billion. He was first recorded arsenic a billionaire by Forbes successful 2017.

Related: He Bought Nvidia Stock successful 1993. Now It's nan Backbone of His $8.8 Billion Net Worth.

Coxe, Stevens, and Jones personification each been Nvidia committee members for overmuch than 30 years. According to Bloomberg, their nett worthy coupled pinch Huang's luck makes Nvidia's committee 1 of nan wealthiest successful nan world.

Nvidia CEO Jensen Huang. Photo by Chip Somodevilla/Getty Images

It's not conscionable Nvidia's apical brass that has benefitted from nan company's banal jump — Nvidia's complete 2,200% surge complete nan past 5 years has made semipermanent labour multimillionaires.

Related: Employees Who Worked astatine This Company for nan Past 5 Years Are Now Multi-Millionaires successful 'Semi-Retirement'

A June canvass of complete 3,000 Nvidia labour showed that 76% were millionaires and one-third were worthy complete $20 million. Nvidia has astir 30,000 afloat employees.

Even though nan mostly of respondents were millionaires, an August Bloomberg study indicated they were still moving hard. The study unpacked nan civilization and expectations astatine Nvidia and concluded that nan institution had a "pressure cooker" environment.

Still, Nvidia has nary problems holding onto employees. Its sustainability study for fiscal twelvemonth 2024 specifications that wide turnover was 2.7% compared to nan manufacture mean of 17.7%.

Related: 'Pressure Cooker': Why Millionaire Nvidia Employees Are Still Working Until 2 a.m.