By coinnews 
00:00 Speaker A
Nvidia CEO Jensen Huang is getting his first base salary pay bump in a decade. Huang’s base salary as the president and CEO of Nvidia for fiscal 2025 is 1 and a half million dollars. That’s up 50% from fiscal 2024. The compensation committee calling the increase quote “appropriate” in an SEC filing, quote, in consideration of internal pay equity with the base salaries of other top executives. His variable cash opportunity or compensation based on certain performance metrics also increased 50% from last year to $3 million. And Huang’s target equity opportunity or compensation through stock options or other equity awards, that rose by 25% to 27 and a half million dollars, slightly above the median of his peers. As of May 1st, Jensen Huang is the 17th richest person alive, according to the Bloomberg Billionaires Index. Huang has a net worth of nearly $98 billion, the majority of which is in his ownership of Nvidia stock. He owns about 860 million shares, according to a filing from early March. Nvidia shares are down around 15% year to date in 2025. As a result, Huang’s net worth has declined by nearly 16 and a half billion dollars over the course of the year.