Huang has sold more than $1.9 billion in Nvidia shares to date, per Bloomberg. Huang co-founded Nvidia in 1993 and has been leading it ever since. He owned about 3.5% of the AI chipmaker as of March.

Nvidia shares increased by 4.3% to $154.31 as trading closed Wednesday, breaking the stock’s closing record of $149.53 after setting an intraday record of $154.43 earlier in the day.

Jensen Huang Now World’s 9th-Richest As Nvidia Win Streak Continues By Ty Roush, Forbes Staff. Ty Roush is a breaking news reporter based in New York City.