78% of Nvidia staff are millionaires, half worth over $25 million — Guess who checks their salaries every year?
In a recent podcast, Huang said that his practice of reviewing the salaries of employees is part of his management strategy, which has even helped top Nvidia executives.
The billionaire CEO said he finds time to review the salaries of Nvidia employees despite his busy schedule.
Jensen Huang's dedication is perhaps the reason why a large chunk of his employees are millionaires.
In the All-In podcast, Nvidia CEO Jensen Huang stated that he reviews his employees' salaries at the end of each cycle.
'I review everybody's compensation, up to this day, at the end of every cycle. They send me everybody's recommended comp. I go through the whole company. I sort through all 42,000 employees, and 100% of the time I increase the company's spend on opex.'
'If you take care of people, everything else takes care of itself,' he added.
Huang noted that he seeks to pay his workers handsomely, and his strategy has worked well with the company's leadership as well.
'I've created more billionaires on my management team than any CEO in the world. They're doing just fine. Don't feel sad for anybody at my layer.'
Huang was pushed to the presigious list of top 10 billionaires in the world following a recent stock surge of Nvidia.
Meanwhile, Investing.com financial analyst Jesse Cohen shared a survey that revealed that 76-78 per cent Nvidia employees are millionaires.
Sharing a screenshot of a Reddit post on the survey, Cohen said on X, 'Wild Stat of the Day: 76-78% of Nvidia employees are now millionaires, with approximately 50% having a net worth over $25 million.'
The survey, conducted among 3,000 Nvidia employees, showed that they benefitted from the employee stock purchase programme that allows them to buy Nvidia stocks at a discount of 15 per cent.
Nvidia share price has surged nearly 3,800 per cent since 2019, allowing employees to increase their wealth.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
19 minutes ago
- Economic Times
'Sab ke boss to hum hain…': Rajnath Singh's veiled dig at Trump over tariffs, saying "some" are jealous of India's rapid growth
Synopsis Defence Minister Rajnath Singh took a subtle dig at US President Donald Trump over recent tariffs on Indian goods, accusing global powers of jealousy and trying to disrupt India's rapid economic growth. Speaking at a bhoomi pujan ceremony for a new rail coach factory in Madhya Pradesh, Singh praised India's dynamic economy and highlighted its rise to a top-four global economy since 2014. He also emphasised India's growing defence exports and condemned terrorism, affirming India's strong stance against those who threaten the nation. Defence Minister Rajnath Singh took a subtle dig at US President Donald Trump on Sunday over the recent tariff increases on Indian goods. Without naming Trump, Singh said, "Some 'boss' is jealous, unable to accept India's growth; trying to disrupt the country's economy."He added, "There are some people who are not happy with the speed at which India is developing. They are not liking it. 'Sabke boss toh hum hain' (We are everyone's boss), how is India growing so fast?"These remarks came after the US imposed a 25% tariff on Indian goods and an additional 25% penalty due to India's continued purchase of Russian oil. President Trump also threatened more tariff hikes, called India's economy 'dead,' and New Delhi criticised the US after some aides accused India of supporting Russia's war in Singh described India's economy as the world's most 'dashing and dynamic.' He said that some people with the attitude of 'we are everyone's boss' are unhappy with India's rapid growth. Speaking after a bhoomi pujan (groundbreaking ceremony) of a rail coach manufacturing unit of Bharat Earth Movers Limited (BEML) in Raisen district, Madhya Pradesh, Singh said, 'Today, if any country has a dashing and dynamic economy, it is India's economy.' He said no global power can stop India from becoming a big power due to the speed at which the country is moving pointed out that some people want to make Indian products more expensive when they reach other countries. This would stop people worldwide from buying Indian goods. He said, 'They think that we are everyone's boss and how is India moving forward so fast?'He mentioned that in 2014, India was ranked 11th in terms of economy size, but today it is counted among the top four.'If any country has a rapidly growing economy, it is our India,' he said. 'It means that the country is moving forward and its people are also moving ahead, because if the countrymen do not move forward, India cannot move forward.'Singh also spoke about defence production. Earlier, India bought defence equipment from other countries. But now, many things are made in India by Indian hands. India not only fulfils its own needs but also exports defence products to other said, 'When Narendra Modi became Prime Minister in 2014, only Rs 600 crore worth of defence products were exported. Now, we are exporting defence products worth more than Rs 24,000 crore. This is the power of India. This is the new defence sector of the new India.'Singh also referred to the terrorist attack in Pahalgam, Jammu and Kashmir, in April, where 26 people were killed. He said India responded strongly with Operation Sindoor. He said terrorists killed people after asking their religion, but India does not believe in such killings.'We do not even kill ants,' he said. 'We have resolved that we will kill people (terrorists) not by their religion but by their deeds.'He added, 'India will not spare anyone who instigates us.'On the rail coach unit, Singh said it would be a big gift for Raisen and Vidisha regions in Madhya Pradesh and provide jobs for 5,000 said Madhya Pradesh is rapidly developing in industries, having recently received investment proposals of more than Rs 30 lakh crore.'If the leadership is excellent, development happens rapidly. I think that after a few years, people will start calling Madhya Pradesh a modern state,' he said the area around the rail coach unit would also develop quickly once it is he performed the bhoomi pujan for the BEML rail coach unit at Umaria village in Raisen district. The project is called BRAHMA (BEML Rail Hub for Manufacturing) and will cost Rs 1,800 crore. Its initial capacity will be 125 to 200 coaches a year, which is planned to increase to 1,100 coaches a year in five Pradesh Chief Minister Mohan Yadav, Union Agriculture Minister Shivraj Singh Chouhan, and other officials attended the ceremony. A video message from Railway Minister Ashwini Vaishnaw was also shown. Inputs from agencies
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Chinese state media flags security risks in Nvidia H20 AI chips
Nvidia's H20 chips pose security concerns for China, a social media account affiliated with China's state media said on Sunday, after Beijing raised concerns over backdoor access in those chips. The H20 chips are also not technologically advanced or environmentally friendly, the account, Yuyuan Tantian, which is affiliated with state broadcaster CCTV, said in an article published on WeChat. "When a type of chip is neither environmentally friendly, nor advanced, nor safe, as consumers, we certainly have the option not to buy it," the article concluded. Nvidia did not immediately respond to a request for comment. H20 artificial intelligence chips were developed by Nvidia for the Chinese market after the US imposed export restrictions on advanced AI chips in late 2023. The administration of US President Donald Trump banned their sales in April amid escalating trade tensions with China, but reversed the ban in July. China's cyberspace watchdog said on July 31 that it had summoned Nvidia to a meeting, asking the US chipmaker to explain whether its H20 chips had any backdoor security risks - a hidden method of bypassing normal authentication or security controls. Nvidia later said its products had no "backdoors" that would allow remote access or control. In its article, Yuyuan Tantian said Nvidia chips could achieve functions including "remote shutdown" through a hardware "backdoor." Yuyuan Tantian's comment followed criticism against Nvidia by People's Daily, another Chinese state media outlet.
Time of India
an hour ago
- Time of India
Lessons from Jensen Huang: What entrepreneurs can learn from Nvidia's meteoric rise
Source: X Jensen Huang's entrepreneurial story is anything but ordinary. In 1993, over lunch at a Denny's, he sketched out the idea for a graphics chip company on a napkin. Three decades later, that same company, NVIDIA, has become the first publicly traded firm to cross $4 trillion in market value, surpassing even Microsoft and Apple. It's an ascent so rapid and unprecedented that Wall Street analysts, industry veterans, and competitors are still scrambling to make sense of it. But Huang's rise isn't just about big numbers; it's about the way he's rewritten the rules of leadership and innovation. While most CEOs in the tech world stick to polished suits and corporate scripts, Huang shows up in his trademark black leather jacket, speaking about artificial intelligence and advanced computing with the clarity of a teacher and the enthusiasm of a founder who still lives and breathes his vision. His approach is deeply human—making complex technology understandable, and making the people building it feel like they're part of something historic. As Nvidia grew larger than anyone ever imagined, it also faced many hurdles. faced market crashes, fierce competitors, and technological uncertainty, yet each challenge became a stepping stone rather than a stumbling block. For entrepreneurs, Huang's playbook offers more than just business tips- it's a masterclass in vision, resilience, and strategic risk-taking. Here are some lessons entrepreneurs can learn from Nvidia's meteoric rise and Jensen Huang himself Dream of markets that don't exist yet Jensen Huang believes real innovation lies in building markets from scratch rather than competing in saturated ones. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Discover the AI-powered language app that's changing how everyone learns Talkpal AI Undo 'Our purpose should be to do something that has never been done. Those markets are zero-billion dollars in size.' Know what to let go One of Huang's most valuable lessons is that success often depends on deciding what not to pursue. 'Deciding what to give up on is at the core of success.' Entrepreneurs often fear abandoning sunk costs, but Huang shows that strategic focus on the right opportunities matters more than clinging to every possible revenue stream. Embrace first-principles thinking Huang advocates learning how things are currently done, then stripping away assumptions to ask: 'You can learn how something can be done and then go back to first principles and ask yourself, 'Given the conditions today, given my motivation, given the instruments, the tools, given how things have changed, how would I redo this? How would I reinvent this whole thing?'' Approaching problems from the ground up can uncover novel solutions that others overlook, because they're not constrained by 'the way it's always been done. ' Treat setbacks as fuel for growth For Huang, hardship isn't just inevitable, it's instructive. 'Resilience matters in success. I don't know how to teach it to you, except for I hope suffering happens to you.' Instead of fearing mistakes, Huang frames them as accelerators of growth, an essential mindset for entrepreneurs navigating unpredictable markets. Push boundaries relentlessly 'We are always pushing the boundaries of what's possible.'Huang views technology as a limitless frontier, where every breakthrough creates new opportunities. Anyone who adopts this mindset can move beyond bare minimum improvements to deliver transformative change that redefines their industry. Lead through inspiration, not just hierarchy 'Leadership is about inspiring others to dream more, learn more, do more, and become more.' Huang fosters a culture where ideas can come from anywhere, maintaining a flat management style that values collaboration over rigid command. Be extremely hands-on and fair Huang's leadership is deeply personal; he reviews compensation for all ~42,000 NVIDIA employees monthly. This commitment, combined with performance-driven rewards, has made about 80% of employees millionaires. Such fairness and transparency foster trust and loyalty, ensuring everyone feels invested in the company's mission
