Five years ago, Jensen Huang had a net worth of about $3.73 billion. Today, the Nvidia CEO is worth $92 billion (it peaked at $119 billion earlier this summer).

Although Huang has worked at Nvidia for more than three decades, the chipmaker's stock has only really taken off in the past 12 months.

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CEO Jensen Huang's net worth skyrocketed as Nvidia shares soared on the AI ​​wave. Photo: Fortune

According to Fortune , Huang had a very specific plan to sell the shares, complying with SEC regulations that allow executives and employees to buy or sell company stock without violating insider trading laws, by announcing a schedule in advance of the transaction, also known as “negotiated trading.”

Also under this rule (rule 10b5-1), the seller must use a sales formula to determine the quantity, price, and transaction date. The sale of the shares is then conducted by a third party.

This is not the first time CEO Huang has sold company shares, but this year marks the “longest” sale ever.

For example, last September, the Nvidia chief sold $117 million worth of stock. By comparison, in July alone, Huang took a $323 million profit on shares.

Huang wasn't the only Nvidia executive to confirm the Rule 10b5-1 transaction in an April filing.

Debora Shoquist, executive vice president of operations; Colette M. Kress, executive vice president and chief financial officer; and Ajay K. Puri, executive vice president of worldwide field operations, have revealed similar plans.

(According to Yahoo Finance)

CEO Jensen Huang becomes the 13th richest person in the world Nvidia CEO Jensen Huang has just surpassed Michael Dell, founder of the Dell computer brand, to become the owner of the 13th largest fortune in the world.