Nvidia CEO Jensen Huang gets first pay raise in a decade, now earns $49.8 million

In a nutshell: Most of us wouldn't be happy about not receiving a pay raise for a decade, but that's what Nvidia boss Jensen Haung has experienced over the last ten years at Nvidia. The caveat, of course, is that he's become one of the richest people in the world thanks to the company's skyrocketing stock price. Adding to his fortune is his first base salary increase since 2015 – a hefty 49% jump to $1.5 million. Nvidia's stock price was around $0.50 at the start of 2015. Thanks to Team Green providing most of the hardware powering the generative AI revolution, its stock is currently $111.61, an increase of 22,222%. Huang's base salary has remained at around $1 million per year for most of that time. Like most CEOs, Huang's wealth comes from his stake in the company he runs; in this case, it's 3.5%, which is currently worth around $94 billion. According to a proxy filing with the SEC yesterday, Nvidia's compensation committee raised Huang's total target pay by $7 million to align mo ... Read full article.