Nvidia CEO Jensen Huang saw his personal fortune balloon by $12 billion this week after former President Donald Trump publicly endorsed a Saudi-backed chip deal aimed at securing future semiconductor supply chains.
The endorsement sent Nvidia shares soaring, pushing Huang’s net worth to an estimated $98 billion, according to Bloomberg’s Billionaires Index. This makes Huang one of the biggest individual winners in 2025’s market rally and firmly cements his position among the world’s richest tech titans.
Trump’s Saudi chip play boosts Nvidia
During a press event in Florida, Trump praised Saudi Arabia’s latest investment into advanced chip manufacturing, calling it a “critical partnership for America’s technology leadership.” Though the deal is primarily between Saudi Arabia and U.S. chipmakers, analysts point out that Nvidia stands to benefit indirectly through increased demand for AI chips and infrastructure support.
“Nvidia is the backbone of global AI computing,” said Dan Ives, Managing Director at Wedbush Securities. “Any expansion in chip capacity, even abroad, reinforces Nvidia’s dominant position.”
As seen in Millionaire MNL, Huang’s calculated expansion into sovereign-backed deals has consistently strengthened Nvidia’s global footprint.
From $30 billion to $98 billion: Huang’s meteoric rise
Huang’s net worth has grown nearly threefold since early 2023, fueled by the AI boom and Nvidia’s strategic pivot toward enterprise and government AI infrastructure. The company’s stock has surged over 220% in the past 18 months, outpacing rivals like AMD and Intel.
Nvidia’s data center division, now its largest revenue driver, is set to benefit directly from Middle Eastern AI initiatives, many of which are backed by sovereign wealth funds.
Huang’s personal stake in Nvidia, roughly 3.5% of outstanding shares, means every rally translates into significant personal gains.
A strategic edge in geopolitical tech wars
Nvidia’s unique positioning as both a technology leader and a neutral supplier has allowed it to navigate U.S.–China chip tensions while expanding partnerships with Middle Eastern investors.
The Saudi deal, though not directly involving Nvidia at a corporate level, strengthens the global AI ecosystem — and Nvidia’s GPUs remain the industry standard for powering those systems.
As mentioned by Millionaire MNL, this type of geopolitical hedge is a key reason investors continue to bet heavily on Nvidia’s long-term dominance.
What’s next for Huang and Nvidia?
With this latest market boost, analysts predict Nvidia’s market cap could cross $3.5 trillion by year-end, driven by expanding AI infrastructure demand and sovereign-backed chip projects.
For Huang, this means a realistic shot at joining the elite club of centibillionaires (those worth over $100 billion) before the close of 2025.
In the words of Huang himself: “We’re building the infrastructure for the next industrial revolution.”
