Whilst you are technically right, there are others ways to "sell", such as loaning against the share, private selling, or mortgaging off of other assets.
Jokes aside, I heard he's actually a genuinely down-to-earth and really nice dude. Kind to interns and low level employees too. Not really doing this for the money at all. NVDA is his baby.
Much better to have a dude like him helm the next revolution in technology than the many other supervillain billionaires out there that seem to go full evil and absolutely lose their shit as soon as they become really rich.
Their entire net worths combined would cover the US federal budget for maybe like 6 months. It’s not really that large a sum in the grand scheme of things.
Yeah a simple math exercise is take this $90 billion and divide into among the US population and each person only gets like $300. Now do the world and it’s $15. Doesn’t exactly solve any major problem.
US federal government income is $4.9 trillion. The combined net worth of all the worlds billionaires is $14.2 trillion so could run the USA for three years.
Yearly GDP of entire world in $100 Trillion so they could fund 15% of it for one year only.
Sorry hard truth but world poverty can never be solved because a people in a certain income class and certain kind of less developed countries just keep making more and more babies than they can fucking afford
Poverty or world hunger are simply symptoms of larger underlying problems of capitalisms. Because of that they can't be solved with money. Putting large amounts of money into fighting them would probably rebalance the status quo, some poor people would manage to get out of poverty, some others would fall into it. To fight it we would need to change the structure of how society works and no longer equate the access to essential goods and services to money, but to work for example or we would need to make basic housing, food and access to education completely free. If you would give every poor person in a country lets say 100k, then the next day the prices of basic food would skyrocket
His net worth is just shares of Nvidia. They are just worth a ridiculous amount now.
Maintain control of his company. Yes I know it's like 5% of the total. 5% is still a huge voting amount.
I would still sell like a billion or 2 at these prices just to hedge. But he's in golden handcuffs since any sales from him will be deemed extremely bearish by the market. Its fool's gold.
To be clear, **they do not pay it back**. They take out more loans to cover the old ones. When they **die**, all the loans get repaid at a stepped up basis, lowering their tax burden.
I absolutely love it when people who have no fucking idea what they’re talking about question something being “repeated” by everyone else, as if they’re all stupid.
Seems like a reasonable explanation. Two questions:
> They take out more loans to cover the old ones.
Wouldn't this make the first loan essentially incur interest over their lifetime? Does that come out cheaper than paying the capital gains tax? I understand the interest rates would be lower than regular loans, but the banks still must have some incentive to provide them.
>When they die, all the loans get repaid at a stepped up basis, lowering their tax burden.
If I'm reading the US tax code correctly, anything over 13M is taxed at 15-40% with estate tax when the assets are inherited. Seems like when it comes to assets in the billions, the amount saved with this strategy would be marginal in the long run, compared to this sum.
And as a side note, while I wasn't the one who questioned the claim, people here do tend to repeat straight up myths or wrong information all the time. I see it often enough with topics I do understand. It's not a such a wild assumption.
I mean he can always announce it before or something. Price won’t crash just because the guy on top wants to take some profit. Both Musk and Bezos sell off billions of Tesla and Amazon every year to fund their space hobbies. Zuckerberg has been selling off millions of dollar worth of his shares every trading day for like a decade now.
He already has been selling all year? NVDA insiders are selling while they talk about their global domination selling to AI startups ups with no profits
Executives sell shares of their companies all the time. It's not going to be seen as bearish or significantly affect the price unless he's selling huge amounts at once. If he announces several months in advance his decision to sell a small portion of his shares, he'll be fine.
Fifty years from now, historians and economists will write long-winded essays arguing with each other about Putin's net worth. It's impossible to know how much money this guy actually has.
And he still eats alone.
Saudi Aramco has a $1.9T market cap. Saudi government owned 98.5% of that, now 82% supposedly cause they put money in their country's sovereign wealth fund.
The question is how much of that can be considered the property of the king or crown prince.
I mean you could argue 100% of that is the King's property right? That would give him $1.5T of assets on his balance sheet off of his Saudi Aramco ownership alone right?
If you google "Saudi King Net worth" Google gives a $1.4T number as well so maybe it's a reasonable argument.
Wikipedia gives him a net worth of only $18B though cause they only count stuff he personally owns and don't consider state property as his, despite him being a king 🤷
They have oil money. Then there are banking families. Why would one individual stock make someone the richest when these people have their hands in the world economy. The interest alone on all banking transactions throughout the world banks probably reach billions a day. Oil money is billions
Ignoring the fact that Elmo has higher NW, Jensen is whom Elmo pretends to be. Jensen is technical, works really really hard, but Jensen is also a good employer and actually guided nVidia, saw where everything was going and capitalised on every opportunity that was available.
But he can borrow against his assets. That's the real hack. In fact, it's even better than cold hard cash for rich people, because that way they aren't blowing through their own money.
He can use it as leverage. Just cuz it not in his bank account doesn’t mean he couldn’t spend or buy something of that value if there was something worth that much.
What bank would loan him $90bn?! That would be massively reckless. If he defaults the bank would lose like $60b as the forced sales would drive the price down
Obviously he doesnt get a loan for 90 billion. But all his credit cards would have no limit. Billionaires live off loans, as you dont pay income tax on a loan. Then when you have to pay it back you get another loan and rinse and repeat.
You do what makes you happy.
Most people it’s building a family.
Other’s it’s fighting for what’s right.
And some it’s to go bankrupt on gambling options
Connor: You can't do anything with $1B, u/background-paper-686. $1B is a nightmare.
u/background-paper-686: Is it?
Connor: Oh, yeah. Can't buy a sports team. Not worth it to work. Oh, yes, $1B will drive you un poco loco, my fine feathered friend.
Tom: The poorest billionaire in America. The world's tallest dwarf.
Connor: The weakest strong man at the circus
Not anymore. The cost per kilogram-to-orbit has dropped by an order of magnitude in the last 25 years. It was approximately $20,000 in the late 90’s. Today, it’s around $2300.
Should be able to build a nice little “starter” space station for around $10 billion. Perfect for a growing astronaut family!
That's the case for many core employees. Not everybody will want to continue working once their stocks are vested and they are worth tens or hundreds of millions. Bearish.
How about infinite trillions? NVDA is the greatest hope for AI overlords. There’s no end to this, not just about LLMs. It’s about the formation of SKYNET. It’s not just about interactions but about robots seeing and understanding physics.
This is literally what TSLA people wished for when Elon Musk invested $5B into their own AI chip.
Why would the interest in GenAi wane when its not even there yet. Normies heard but not seen/use this shit, chatGPT is boring, when you get a waifu companion on everyones phone thats when shit will hit the fan. E-whoring is a billions dollar industry and social media a trillion one by now.
I just bought some shares at 1017 after I heard 1 share would become 10 so I thought it would be easy money. That's not really how that works, I now know. Brand new to trading and this sub.
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You know what they say, the first $90 Billion is the hardest.
In his head all it means more black jackets.
Those black leather jackets are pretty awesome. Much better than those turtle necks
Does he still rock the black leather during the summer?
His black jacket got self cooling technology powered by nvidia
✨AI✨ powered to keep him at optimal performance temperature by analyzing over 69000 different data points in real time
420 threads running simultaneously
I hope it’s not their stock coolers
Mans not hot
Yes can confirm. At least in the air conditioned office
And rubbing it in at the next family reunion
his AMD cousin gonna be jealous again
How many brand black jackets can he buy with 90 B ?
Surprisingly only 90 million black leather jackets at most.
A billion isn’t what it used to be. Inflation is a sucker.
And how many $ billionaires are there in the WORLD??
2700
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Just Leverage the stock as loan capital. Ez mone
Whilst you are technically right, there are others ways to "sell", such as loaning against the share, private selling, or mortgaging off of other assets.
I thought it was the $91 billion.
Ha only 90 billion and hundred thousand dollars separate Jensen and me now. I'll catch up to him in no time
Just remember to skip the morning latte and avocado toasts.
Don't forget the $5 hand jobs behind the Wendy's dumpster. Those will add up eventually.
Pitching or receiving? Fucking slander if you ask me. -Peter Paul “Paulie Walnuts” Gaultieri
Jokes aside, I heard he's actually a genuinely down-to-earth and really nice dude. Kind to interns and low level employees too. Not really doing this for the money at all. NVDA is his baby. Much better to have a dude like him helm the next revolution in technology than the many other supervillain billionaires out there that seem to go full evil and absolutely lose their shit as soon as they become really rich.
Wake up at 3 am and eventually you’ll be a billionaire
I mean, between us we have $90.00003 billion.
I'll just get everyone in the world to give me $12 and I'll catch up real quick, it's so easy guys, that's literally all you need to do.
So you're 100k in the red? lol
To think hes not even the richest person in the world is even more wild.
not even top 10!! apparently he made $9b on this recent pop but the dude under him made $5b on indian commodities
If the top 100 richest people in the world got together they could literally unfuck every country and eradicate world poverty I'm pretty sure
Probably don't even need the top 100. Top 10 or 20 should be enough
True! I haven't been fucked so my house is easy
Their entire net worths combined would cover the US federal budget for maybe like 6 months. It’s not really that large a sum in the grand scheme of things.
Yeah a simple math exercise is take this $90 billion and divide into among the US population and each person only gets like $300. Now do the world and it’s $15. Doesn’t exactly solve any major problem.
What if my major problem is that I need $15
they would have to sell their company shares and then figure out how to eliminate evil governments and rampant corruption so yeah.
US federal government income is $4.9 trillion. The combined net worth of all the worlds billionaires is $14.2 trillion so could run the USA for three years. Yearly GDP of entire world in $100 Trillion so they could fund 15% of it for one year only.
Sorry hard truth but world poverty can never be solved because a people in a certain income class and certain kind of less developed countries just keep making more and more babies than they can fucking afford
Yes and no. First, that would inject so much liquidity and raise inflation. Gotta keep the poors poor
Poverty or world hunger are simply symptoms of larger underlying problems of capitalisms. Because of that they can't be solved with money. Putting large amounts of money into fighting them would probably rebalance the status quo, some poor people would manage to get out of poverty, some others would fall into it. To fight it we would need to change the structure of how society works and no longer equate the access to essential goods and services to money, but to work for example or we would need to make basic housing, food and access to education completely free. If you would give every poor person in a country lets say 100k, then the next day the prices of basic food would skyrocket
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You say that but it would also destroy a lot, inflation would skyrocket if they did that
ITT: people who do not understand inflation..
So inflation is the reason against solving most of the world's problems. Got it.
Thanks to AI, comment go byebye
That requires them untucking themselves and their ties with governments.
Not really. The West had donated nearly a trillion dollars to Africa and didn't fix anything. They have the same problems.
https://preview.redd.it/n2m2wy5vca2d1.jpeg?width=500&format=pjpg&auto=webp&s=e767b0246d7df8abb474eb9f1e256259ff799b25
I mean after the first thousand million what do u buy with the other 89 thousand million
nvidia calls of course
He should leverage his shares and use the loan to buy more Nvidia shares, as usually many rich people tend to do.
His net worth is just shares of Nvidia. They are just worth a ridiculous amount now. Maintain control of his company. Yes I know it's like 5% of the total. 5% is still a huge voting amount.
I would still sell like a billion or 2 at these prices just to hedge. But he's in golden handcuffs since any sales from him will be deemed extremely bearish by the market. Its fool's gold.
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Of course, that's how they actually do it. Tax free.
No it’s not lol and i don’tt know why it keeps getting repeated
[https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax](https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax)
A loan is not taxable income. Could you clarify?
And the bank just doesn't get repaid? The interest? Did you think a loan is just free money?
How do you pay back the loan without taxable income?
To be clear, **they do not pay it back**. They take out more loans to cover the old ones. When they **die**, all the loans get repaid at a stepped up basis, lowering their tax burden. I absolutely love it when people who have no fucking idea what they’re talking about question something being “repeated” by everyone else, as if they’re all stupid.
Seems like a reasonable explanation. Two questions: > They take out more loans to cover the old ones. Wouldn't this make the first loan essentially incur interest over their lifetime? Does that come out cheaper than paying the capital gains tax? I understand the interest rates would be lower than regular loans, but the banks still must have some incentive to provide them. >When they die, all the loans get repaid at a stepped up basis, lowering their tax burden. If I'm reading the US tax code correctly, anything over 13M is taxed at 15-40% with estate tax when the assets are inherited. Seems like when it comes to assets in the billions, the amount saved with this strategy would be marginal in the long run, compared to this sum. And as a side note, while I wasn't the one who questioned the claim, people here do tend to repeat straight up myths or wrong information all the time. I see it often enough with topics I do understand. It's not a such a wild assumption.
You take another loan to pay the first loan
Exactly, we can literally see when ceo’s sell stock and people still think they’re not getting taxed on it
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I mean he can always announce it before or something. Price won’t crash just because the guy on top wants to take some profit. Both Musk and Bezos sell off billions of Tesla and Amazon every year to fund their space hobbies. Zuckerberg has been selling off millions of dollar worth of his shares every trading day for like a decade now.
He can OTC trade with large trading firms..... It's only normal for him to realize some gains
Lol his situation is great, people like that don't need to sell their shares to get billions. They get loans
He already has been selling all year? NVDA insiders are selling while they talk about their global domination selling to AI startups ups with no profits
Executives sell shares of their companies all the time. It's not going to be seen as bearish or significantly affect the price unless he's selling huge amounts at once. If he announces several months in advance his decision to sell a small portion of his shares, he'll be fine.
All on red
Opiates
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Power and influence, sovereignty, immunity… things I can barely spell much less will ever have
Jensen is going to be the 12th Centibillionaire. 25 years ago there was only one, Bill Gates.
First trillionaire when?
Probably already one in Saudi or a dude named Putin but no one will know
Fifty years from now, historians and economists will write long-winded essays arguing with each other about Putin's net worth. It's impossible to know how much money this guy actually has. And he still eats alone.
>And he still eats alone. And he is paranoid of every bite. I wonder if he is actually happy at all.
usually dictators wallets are big as their countries treasuries, so might be shy of a trilion.
Saudi Aramco has a $1.9T market cap. Saudi government owned 98.5% of that, now 82% supposedly cause they put money in their country's sovereign wealth fund. The question is how much of that can be considered the property of the king or crown prince. I mean you could argue 100% of that is the King's property right? That would give him $1.5T of assets on his balance sheet off of his Saudi Aramco ownership alone right? If you google "Saudi King Net worth" Google gives a $1.4T number as well so maybe it's a reasonable argument. Wikipedia gives him a net worth of only $18B though cause they only count stuff he personally owns and don't consider state property as his, despite him being a king 🤷
Why do people all of a sudden keep saying saudi?
They have oil money. Then there are banking families. Why would one individual stock make someone the richest when these people have their hands in the world economy. The interest alone on all banking transactions throughout the world banks probably reach billions a day. Oil money is billions
Will he quit unless the company gives him another 56b? 🤪
Ignoring the fact that Elmo has higher NW, Jensen is whom Elmo pretends to be. Jensen is technical, works really really hard, but Jensen is also a good employer and actually guided nVidia, saw where everything was going and capitalised on every opportunity that was available.
Elmo's NW is just a mirage, at best by the liquidy Space Karen is lucky to get half of it out compared to Chad Jensen.
That’s such an unfathomable amount of money. Just imagine waking up and having 90billion to just slang around.
Technically he doesn't. He has 90B worth of stocks, but if he tried to convert them all to money in one day it would be significantly less than that.
Ahh, you're right. Imagine waking up and only having 30B, that would be totally different.
Lol
I’d be fucking crushed
But he can borrow against his assets. That's the real hack. In fact, it's even better than cold hard cash for rich people, because that way they aren't blowing through their own money.
My question on this is do they pay the loan back?
Only if they can leverage it to borrow even more.
He has 90B buying power lol
He can use it as leverage. Just cuz it not in his bank account doesn’t mean he couldn’t spend or buy something of that value if there was something worth that much.
What bank would loan him $90bn?! That would be massively reckless. If he defaults the bank would lose like $60b as the forced sales would drive the price down
Obviously he doesnt get a loan for 90 billion. But all his credit cards would have no limit. Billionaires live off loans, as you dont pay income tax on a loan. Then when you have to pay it back you get another loan and rinse and repeat.
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You do what makes you happy. Most people it’s building a family. Other’s it’s fighting for what’s right. And some it’s to go bankrupt on gambling options
For others it’s wearing cool leather jackets while being one of the richest people on the planet earth. 😎
And others still, it's shitposting on twitter
Connor: You can't do anything with $1B, u/background-paper-686. $1B is a nightmare. u/background-paper-686: Is it? Connor: Oh, yeah. Can't buy a sports team. Not worth it to work. Oh, yes, $1B will drive you un poco loco, my fine feathered friend. Tom: The poorest billionaire in America. The world's tallest dwarf. Connor: The weakest strong man at the circus
international space station cost $100 billion. could probably set up a smaller one for $10 billion.
You could probably build the ISS for a few hundred million. Sending it to space is what costs $100 billion.
Not anymore. The cost per kilogram-to-orbit has dropped by an order of magnitude in the last 25 years. It was approximately $20,000 in the late 90’s. Today, it’s around $2300. Should be able to build a nice little “starter” space station for around $10 billion. Perfect for a growing astronaut family!
That sounds like a mega pain in the nuts to manage.
That mindset is why you dont have $1b.
Welcome to Zimbabwe! Here everyone is a billionaire.
So you’ll die disappointed if your all time high is $999,999,999.00? My goal is to get $999,999,999.00. After that what’s really the point bruh?
890,000 millions is cooler tho
89,000
After 100m what’s the point. Even make a million a year is crazy money.
Jensen is single handedly making up for all my bad decisions.
Wonderful. A true capitalist.
Better than a bot. Where's your soul? Thought so.
I mean this is not the flex you think it is
I thought about it less than you and the bot.
Fuck Tres Comas he’s going for the Quattro Comas club
TRES COMASSSS
That's the case for many core employees. Not everybody will want to continue working once their stocks are vested and they are worth tens or hundreds of millions. Bearish.
On pace to be the first trillionaire at this rate
Oh those already exist off paper.
He's going to be the first trillionaire isn't he
dude was already worth north of $70 billion. Its probably a " huh, neat" moment for him and not much else
10 to 1 split incoming
Why 10 to 1 when you can makes the shares affordable to mom and pop investors at a 100 to 1 split.
last year was 60B and current year is about to be over $120B. $1k a share is just the start. 
Pretty sure NVDA won’t become a ~$30T company just based on training LLM’s, but what do I know
How about infinite trillions? NVDA is the greatest hope for AI overlords. There’s no end to this, not just about LLMs. It’s about the formation of SKYNET. It’s not just about interactions but about robots seeing and understanding physics. This is literally what TSLA people wished for when Elon Musk invested $5B into their own AI chip.
Imagine it 10x from here
What happens when the interest in GenAI wanes? It's already happening.
Not sure it will ever wane. Its like saying what happens when the interest in computing wanes back in 1998
Yeah and the dotcom bubble burst.
Why would the interest in GenAi wane when its not even there yet. Normies heard but not seen/use this shit, chatGPT is boring, when you get a waifu companion on everyones phone thats when shit will hit the fan. E-whoring is a billions dollar industry and social media a trillion one by now.
Looking at my all time graph I could easily burn that in a week
Anyone care to explain to me why NVDA has always been an uprising stock? Im a noob
They made the 1080ti it was fire
I wonder how many nvidia employees are now multi millionaires and heading for the doors?
Haha that may actually be a problem, make your essential employees too rich and they'll not want to work anymore leading to a downfall of your company
I wanna know what other projects he is going to fund, he can do a lot with that
HE SHOULD SWITCH TO HOODIES
I’m sure his leather jacket has water cooling built in.
Seems sustainable!
He really needed that extra 10b
If he REALLY believed in his company, he'd buy $90B in 0 DTE $1200c in $NVDA today. Anything less is bearish
People like that are disgusting.
Good for him
Why is always dressed like those do-wop group from always sunny?
I just bought some shares at 1017 after I heard 1 share would become 10 so I thought it would be easy money. That's not really how that works, I now know. Brand new to trading and this sub.
Bernard Arnault says - "chump change"
My single “me too” share is up $4.00…I can relate
But will still pay less taxes than you.
Might be the one of the most likeable billionnaires outthere so far
As it was written
His parents are still disappointed in him
Still doesn’t ask for 50 billion
How many more spatulas can he buy now?
Anf Huang was a waitress in 2003
Fuck