Nvidia Executives Colette Kress and Jay Puri Join Billionaire Ranks Amid AI Stock Surge
Nvidia billionaires: The relentless rise of Nvidia has driven two of the company's top executives into the billionaire ranks, joining their boss, CEO Jensen Huang, as some of the most richly rewarded figures in tech, as per a report.Colette Kress, Nvidia's Chief Financial Officer, and Jay Puri, Executive Vice President of Worldwide Field Operations, have both crossed into 10-figure territory in net worth, according to Bloomberg's Billionaires Index. Their fortunes come due to their massive holdings in Nvidia stock, which has surged nearly 70% over the past year and 27% in 2025 alone, pushing the chipmaker's market cap past $4 trillion, as reported by Fortune.
For Kress, the path to billionaire status is paved with patience and stock. On July 15, Kress sold just over 27,000 shares for roughly $171 apiece, raking in $4.7 million, as reported by Fortune. Yet, even after that sale, SEC filings reveal she still holds nearly 3 million shares directly, as per the Fortune report. Along with that, Kress also holds hundreds of thousands of Nvidia shares that are indirectly retained through trusts or immediate family members, according to the report.
ALSO READ: Asteroid 2024 YR4 may smash into moon, wipe out 10,000 satellites, and trigger meteor showers on earth Even Puri's fortune tells a similar story. Though he directly holds around 634,000 shares, worth over $108 million, he holds more wealth via indirect ownership, as per the Fortune report. Puri controls roughly 20 million shares through various trusts, plus another 46,000 held in a children's trust under his care, according to the report.
Both executives sold their shares through pre-planned Rule 10b5-1 trading plans, which are designed to prevent accusations of insider trading, as per Fortune. These plans lock in trade dates, volumes, and prices based on formulas rather than discretion, and must be executed by independent third parties, according to the report.Meanwhile, Nvidia founder and CEO Jensen Huang, whose own net worth has ballooned to $153 billion, surpassed even billionaire investor Warren Buffett, as per Fortune. Huang is famously known to be obsessed with work, he claims he can't even watch a movie without thinking about the company, but he's just as focused on rewarding those who help build it, according to the report. Huang said recently during a panel hosted by venture capitalists running the All-In podcast, saying, 'I've created more billionaires on my management team than any CEO in the world. They're doing just fine,' and added that, 'Don't feel sad for anybody at my layer. My layer is doing just fine,' quoted Fortune.He also revealed that he makes sure that his key personnel are being compensated appropriately and also look at all employees' pay, as reported by Fortune. Huang told the panel this month, 'I review everybody's compensation up to this day. I sort through all 42,000 employees, and 100% of the time I increase the company's spend on [operating expenses]. And the reason for that is because you take care of people, everything else takes care of itself,' as quoted in the Fortune report.Who are Nvidia's newest billionaires?Colette Kress (CFO) and Jay Puri (EVP of Worldwide Field Operations) have both become billionaires, largely due to their Nvidia stock holdings.
What is Rule 10b5-1? It's a legal framework that allows executives to sell stock through pre-set plans to avoid insider trading accusations.
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