Owning 3 Villas in a Famous Resort
Real Estate Value Rises Alongside Nvidia Stock Surge
Jensen Huang, CEO of Nvidia, whose stock price is soaring, has also made a fortune in real estate investments, drawing significant attention. He has accumulated wealth not only from the soaring stock price but also from rising real estate values after purchasing homes in affluent neighborhoods near Nvidia's headquarters, such as Los Altos Hills, as well as in San Francisco's Gold Coast and Hawaii.
Owner of Homes in Los Altos Hills, San Francisco Gold Coast, and Hawaii
According to the Wall Street Journal (WSJ) on the 4th (local time), CEO Huang owns three homes located in Los Altos Hills, an affluent area in Santa Clara County, California, as well as in Hawaii and San Francisco's Gold Coast.
The Los Altos Hills home was purchased by CEO Huang in 2003 for $6.9 million (approximately 920 million KRW). This area is a wealthy neighborhood where Silicon Valley billionaires reside. Originally, it felt like a suburban area slightly away from Silicon Valley, but due to its large lots, quiet environment, and excellent school districts, it has recently become a preferred area for the wealthy.
The home Huang owns in Hawaii was purchased in 2004 for $7.5 million (approximately 1 billion KRW) and is located in the Wailea area on the southern part of Maui Island. This area is adjacent to several famous golf courses and shopping centers, and last year, the median price of single-family homes rose by 8.6% compared to the previous year.
The San Francisco Gold Coast home was most recently purchased by CEO Huang in 2017 for $38 million (approximately 50.6 billion KRW). The residence includes seven bedrooms, two wine rooms, an outdoor kitchen, an elevator, a theater, and a gym.
"Invested $55 Million in Real Estate Since the 1980s... Always Realized Profits"
WSJ reported, "CEO Huang was born in Taiwan, raised in Thailand, and moved to the United States at the age of nine, eventually settling in Kentucky. After moving to his second home in San Jose, California, in 1988, he founded Nvidia in 1993 and rose to billionaire status."
After graduating from college, he sold his first home near Silicon Valley in San Jose for $185,000 and purchased his second home for $338,000. After founding Nvidia, he sold the second home in 2002 for $500,000, realizing a profit. After moving to the Los Altos Hills home in 2003, he began to join the ranks of the world's wealthiest. Nvidia's net income surged to over $300 million in 2006, and with the global smartphone boom that followed, Nvidia rose to become a global company.
Since purchasing the most expensive home he currently owns, the luxurious San Francisco Gold Coast residence in 2017, Nvidia's stock price has continued to soar. At that time, Nvidia's stock price surged from $53.76 to $149.79 per share, nearly tripling in just one year.
Nvidia Stock Continues to Soar... Jensen Huang Holds 3.51%
Meanwhile, Nvidia's stock price continues its rapid rise. On the 4th, the New York Stock Exchange closed with the stock price up 3.60% from the previous day at $852.37 per share, setting a new all-time high. The stock price has risen 76.96% since the beginning of the year, and the market capitalization has soared to $2.13 trillion, ranking third in the U.S. stock market after Microsoft (MS) and Apple. This is due to the popularity of Nvidia products in the generative artificial intelligence (AI) semiconductor market, which has been booming since last year, resulting in a 3.7-fold increase in sales and more than a sevenfold increase in net income.
Nvidia products are in such high demand that they are almost impossible to obtain. In the fourth quarter of fiscal year 2024 (October 2023 to January 2024), sales reached $22.13 billion, a 3.7-fold increase compared to a year earlier. Net income also increased by more than 700%. Jensen Huang, who owns 3.51% of Nvidia stock, has seen his wealth grow significantly. Even excluding the San Francisco home, his net worth has surged by $25.7 billion since the beginning of the year.
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