Nvidia, the shining face of artificial intelligence, increases the salary of its CEO Huang by 60 percent

Nvidia CEO Jensen Huang has been rewarded with a 60 percent pay raise for his success in transforming the company into a $2.28 trillion AI giant. Huang earned $34 million.

Led by Nvidia CEO Jensen Huang, Nvidia has grown into a $2.28 trillion giant thanks to artificial intelligence. Nvidia, which has become the third largest company in the world after Apple ($2.87 trillion) and Microsoft ($3.09 trillion), did not ignore its CEO. Huang received a hefty payout thanks to strong demand for the company's AI chips.

Huang, a co-founder of Nvidia, was entitled to a compensation package of $34.2 million for the fiscal year running from February to January, according to the company's annual proxy filing. Huang received $21.3 million in the previous fiscal year, so we can say that the CEO's salary increased by 60 percent. Huang's compensation consists of a $26.7 million stock award, a $4 million cash bonus, and $2.5 million for other expenses, including home security, a car and a driver

Due to the rapidly increasing price of Nvidia earlier this year, Huang's fortune, who owned 3.79 percent of the company, reached 70 billion, making him the 21st richest person in the world. Nvidia's share price has grown by almost 45 percent since then, and Huang has risen to 18th place on the rich list with $80.5 billion.