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Employees of the tech world have been discussing the compensation packages at the Jensen Huang-led firm <\/a>vs the likes of Mark Zuckerberg\u2019s Meta and Sundar Pichai-led Google. <\/p>\n On Blind<\/a>\u2014an anonymous forum for professionals in the software and tech space\u2014a user who says they formerly worked at Google asked Nvidia employees: \u201cHow rich are you?\u201d<\/p>\n One apparent Nvidia employee, who stated their net worth was around $3 million, responded that the wealth of employees \u201creally depends on your level.\u201d<\/p>\n The individual added they still have $3 million in assets left to vest and were \u201cvery comfortable.\u201d <\/p>\n \u201cBought a $100k family car in all cash and didn\u2019t have to think about it,\u201d the post continued. \u201cThanks JHH [Jensen Huang].\u201d <\/p>\n The individual\u2014who said the car they purchased was a \u201cdecked out\u201d BMW X7\u2014added they had been promoted within the last year to an Ic6, a principal engineer. <\/p>\n Another user whose profile states they work for Snap<\/a> wrote: \u201cWife and I are worth $14.8M at 32, none of us work at NVDA but we live in the Bay Area and have some old timer friends there.<\/p>\n \u201cEvery single one of them is worth over $25m. It\u2019s nuts.\u201d<\/p>\n Another user whose profile shows they work for Meta chimed in: \u201cThe more I hear about Nvidia employees and their riches, the more jealous I feel. Anybody with me?\u201d<\/p>\n Meta and Google did not immediately respond to Fortune\u2019s<\/em> approach for comment.<\/p>\n The ballooning wealth of Nvidia employees is thanks to the rocketing share price of the company, and the organization\u2019s now famously attractive stock incentives.<\/p>\n Through Nvidia\u2019s employee stock purchase plan, employees can contribute up to 15% of their salary to buy company shares at a 15% discount. <\/p>\n This has led to examples including one mid-level employee who bought in for 18 years\u00a0reportedly<\/a>\u00a0retiring with shares worth $62 million, according to\u00a0Barron\u2019<\/em>s senior technology editor Tae Kim.\u00a0<\/p>\n Nvidia\u2019s shares have ballooned over the past few years in particular, leading to the corresponding spike in the net worth of shareholders like employees and CEO Huang. <\/p>\n In October 2022, Nvidia was trading at around $14 a share\u2014today, it has risen to almost $130 a share<\/a>.<\/p>\n Huang\u2019s net worth, which is largely tied up in the chip-making giant, has also experienced a boost: In October 2022 Huang was worth a little over $11 billion, at the time of writing his fortune is valued at $112 billion, per the Bloomberg Billionaire\u2019s Index<\/a>, making him the 12th richest person on the planet.<\/p>\n His 3.8% stake in the company is so significant that he can afford to offload hundreds<\/a> of thousands of shares on a near-daily basis, worth an average of $14m a sale<\/a>, without it having a massive impact on either the market or his stake.<\/p>\n Nvidia did not immediately respond to Fortune\u2019s<\/em> approach for comment. <\/p>\n With millionaire status on the line for Nvidia employees, it\u2019s perhaps no surprise that a lot is expected of them<\/a> at work. <\/p>\n In an interview with\u00a060 Minutes<\/a><\/em> released this Spring Huang was told some of the words his team used to describe him, including \u201cdemanding,\u201d \u201cperfectionist,\u201d and \u201cnot easy to work for.\u201d<\/p>\n Huang said those descriptors fit him \u201cperfectly,\u201d explaining: \u201cIt should be like that. If you want to do extraordinary things, it shouldn\u2019t be easy.\u201d<\/p>\n Staffers for the Santa Clara-based business seemed happy with their work-life balance. <\/p>\n Writing on Blind another user whose profile says they work for Nvidia added the experience of working for Nvidia \u201cdepends on the team.\u201d<\/p>\n They explained: \u201cI work 10am 5pm on weekdays and per week one or two night time meetings due to overseas collaborations. <\/p>\n \u201cAnd people can WFH all days in a week, some of my teammates do.\u201d<\/p>\n<\/div>\nWhy are Nvidia staff so wealthy?<\/h2>\n
Nvidia\u2019s culture<\/h2>\n
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