NVIDIA CEO Jensen Huang sells tens of millions of dollars in stock again, personal net worth matches that of Buffett

NVIDIA CEO Jensen Huang continues to reduce his holdings in the company's stock as its market value reaches a historic high, with his personal wealth soaring to new heights, rivaling Warren Buffett.

On July 11, according to a filing with the U.S. Securities and Exchange Commission (SEC), Jensen Huang recently sold approximately 225,000 shares of the company, valued at about $36.4 million. This transaction is part of a stock sale plan he established in March of this year, which allows him to sell up to 6 million shares by the end of the year.

This series of sell-offs occurs against the backdrop of investors betting on NVIDIA's dominance in the artificial intelligence sector, which has pushed its stock price and Jensen Huang's personal wealth to unprecedented levels. According to the Bloomberg Billionaires Index, Jensen Huang's net worth has reached $143 billion, nearly on par with Buffett's $144 billion.

Meanwhile, Wall Street Insight has mentioned that NVIDIA itself is also experiencing a milestone moment. On Wednesday, NVIDIA's market value briefly surpassed $4 trillion, and on Thursday, it officially became the first company in the world to exceed a market value of $4 trillion, surpassing Microsoft and Apple.

Prearranged Sell-off Plan

According to the filing, Jensen Huang's stock sales are executed under a prearranged trading plan.

Previously, Wall Street Insight reported that Jensen Huang conducted his first sell-off between June 20 and 23, during which he sold 100,000 shares of NVIDIA stock, valued at $14.4 million.

Under the 10b5-1 prearranged trading plan, Jensen Huang can sell up to 6 million shares of NVIDIA stock by the end of the year, which, based on the latest stock price of $165 on July 11, could yield a total of $985 million.

Executives trading stocks through prearranged plans is a common practice. Last year, this CEO also sold approximately $700 million worth of stock through a similar plan. In addition to Jensen Huang, other executives and board members of NVIDIA are also reducing their holdings.

Another SEC filing revealed that Brooke Seawell, a venture partner who has served as a company director since 1997, also sold NVIDIA stock valued at approximately $24 million.

Despite the series of sell-offs, the filing shows that Jensen Huang still holds over 858 million shares of NVIDIA stock, both directly and indirectly, through various partnerships and trusts.