76% of Nvidia employees are now millionaires, with 1 out of 3 having a Net Worth over $20m

quote:

---

It’s a summer day in Santa Clara, California, and an assortment of luxury cars — Porsches, Corvettes, Lamborghinis — take up parking spots previously occupied by humbler models. Some have new paint jobs in the lime green from Nvidia Corp.’s logo. And they are stuck where their owners want to be: at the office.

Nvidia stock has gained 3,776% since the start of 2019 as the company benefits from selling the main chip necessary for artificial intelligence work, minting many new multimillionaires in the process. But the work hours are just as grueling and high-stress, current and former employees said, leaving little time for the jet-setting, homebuying and leisure many can now afford. A culture problem is brewing, said the 10 people, who asked not to be identified for fear of retribution.

---

quote:

---

Nvidia (NASDAQ:NVDA) has seen incredible growth in recent years. Since the beginning of 2024, the company’s stock has jumped 167%. Over the past five years, it has surged by an impressive 3,450%.

Given these figures, it’s easy to see why many NVIDIA employees who joined the company five or more years ago are likely millionaires today. Additionally, many midlevel managers at NVIDIA reportedly make over $1 million a year, thanks to stock options and the overall appreciation of the company's stock.

However, being flush with cash now means that many established Nvidia executives are reportedly operating in "semiretirement" mode, which caught the attention of CEO Jensen Huang. They are financially comfortable enough that they don’t seem motivated to work as hard as they used to.

---