Jensen Huang’s net value jumps $ 12 billion after Trump Touts Saudi Chip Deal

• Nvidia actions increased after a large Saudi Ai chip The treatment and promoted the net value of Jensen Huang at $ 12 billion, raising $ 114 billion. The agreement coincided with the visit of President Donald Trump, who began in Saudi Arabia and is expected to continue in the Arab Emirates united by the end of this week.

Nvidia CEO Jensen Huang saw that his personal fortune increased $ 12 billion in one day after the chip maker’s milestone agreement with Saudi Arabia.

On Tuesday, the company, which is now valued at more than $ 3 trillion, announced an agreement to sell hundreds of thousands of high -demand AI chips in the kingdom. Many of the chips are destined for an artificial intelligence startup supported by the sovereign collection of the country, Humain, who is part of a wider effort of Saudi Arabia to place itself as the central of the global AI.

Chip manufacturer’s shares increased more than 5% Tuesday and pushed Huang’s net value to $ 114 billion, up to $ 102 billion a day, and about $ 80 million, one year ago, per year per year per year, per year per year, per year, per year, per year, per year. Bloomberg’s billionaire index.

The agreement also coincided with the visit of President Donald Trump, who began in Saudi Arabia, and is expected to continue in the Arab Emirates united by the end of this week. Trump attended the Saudi-US investment forum on Tuesday, flanked by technology delegates, such as Huang de Nvidia, Sam Altman of Openai, Lisa Su and Elon Musk in Tesla.

Trump also approved expanded access for Humain and AIA AIA G42 firm to advanced Ai chips made in the United States, in Nvidia chiefs, which rolled out export controls from the Biden era that had previously slowed down Saudi Arabia’s access to leading American technology.

The American technological giant AMD also participated in the action, reaching a several-year agreement of $ 10 billion to feed the Saudi Ai Center with its chips and accelerators. In the coming five years, Saudi Arabia plans to build data centers that house hundreds of thousands of avant -garde chips of Nvidia, with a total power capacity of 500 megavatios. The initial phase will be deployed 18,000 newer chips of Nvidia to execute a Saudi supercomputer.

Huang has directed nvidia through a meteoric increase

Huang and Nvidia have had a strong year. By 2025, the chip maker exceeded the goals of both revenue and operational income, and Huang took almost $ 50 million in total compensation for his efforts.

The CEO compensation amounted to $ 34.2 million a year before a base salary rise, its first in a decade, which reached up to $ 1.5 million, along with a target bonus of $ 3 million and a potentially $ 27.5 million capital prize, depending on performance metrics. Other major Nvidia executives also won substantial rewards.

Compensation packages for senior leaders, including CFO Colette Kress and EVP Debora Shoquist, recorded an increase of up to 74% compared to the previous year, largely driven by the growing price of company shares and successfully delivery of financial goals.

In recent years, Nvidia has taken advantage of the demand for data centers that feed models of great language and deep learning applications, controlling a significant part of the AI ​​chip market.

This story originally presented to Fortune.com