Huang’s sell-off strategy was implemented in the spring and has helped the CEO avoid an equally hard blow now that the value of his chipmaker is beginning to fall.

At the end of June, for example, Nvidia shares were Wall Street’s darling, trading at around $124 per share.

In July, the price rose to an all-time high of $134.91 before starting to decline in the second half of the month. Currently, Nvidia shares are trading at around $100, a level they last reached in May of this year.

But Huang’s portfolio strategy required him to begin selling his shares in regular blocks of 120,000 shares when the company’s share price was high.

In July alone, Huang sold about $323 million worth of Nvidia shares – and nearly $361 million if you include the first week of August.

Huang also sold his usual 120,000 shares on the day Nvidia’s stock price hit an all-time high of $135.58 in June, when the market value of the sale reached $16.08 million, according to an SEC filing Assets.

In about 25 SEC filings made by Assets Between the beginning of July and the time of writing this article, the retail value of these 120,000 blocks of shares fluctuated between $11.98 million and $16.09 million.

From July to the time of writing, the average value of Huang’s daily sales was $14.44 million.

Nvidia declined to comment when contacted Assets.

The richest people in the world lost $134 billion

While Huang’s timing was good in some ways, it was planned long before any fluctuations in Nvidia’s stock price.

An official registration viewed by Assets revealed that Huang announced on March 14 that he had a Rule 10b5-1 trading agreement in place that allows for sales through March 31, 2025.

The agreement means that executives like Huang – and all other insiders – can buy or sell company shares on a set schedule without violating insider trading laws.

Huang was not the only Nvidia executive to confirm a Rule 10b5-1 trading arrangement in the April filing.

Debora Shoquist, Executive Vice President of Operations, Colette M. Kress, Executive Vice President and CFO, and Ajay K. Puri, Executive Vice President of Worldwide Field Operations, announced similar plans.

And although Huang’s stock sales are worth millions every day, that hasn’t completely protected the CEO from the market crashes of the past few weeks.

At the peak of his net worth in June – which corresponds to the peak price of Nvidia stock – Huang was worth $119 billion, according to Bloomberg’s Billionaire Index.

Less than two months later, his net worth has dropped to $88.4 billion, putting him 15th on the list of the richest people in the world.

However, the bulk of Huang’s wealth still consists of shares in the Californian chip giant that he worked tirelessly to build. Huang still owns about 3.5 percent of the company.

Every one of the most famous names among the richest people in the world currently has a red tick, with Tesla CEO Elon Musk, Amazon founder Jeff Bezos and Meta boss Mark Zuckerberg all suffering losses in wealth due to market volatility.

The world’s 500 richest people lost at least $134 billion in wealth overnight after market distortions followed a less than positive jobs report on Friday.

The Nasdaq 100 index fell 2.4 percent on the last trading day of last week, reducing the net worth of all ten richest people in the world by at least one billion dollars, according to Bloomberg calculations.

Experts from the Futurum Group – a research and consulting company for the technology industry – told Financial Times The bearish sentiment is likely simply due to a shift away from sectors that have performed well throughout the year and has no bearing on Nvidia’s fundamentals.

“I think we’ve seen an outflow of money from the big technology companies, especially because they’ve had an incredible run,” said CEO Daniel Newman. “And that obviously gave room for a little bit of a sell-off.”

Are you an Nvidia shareholder with an opinion on this story? Email [email protected]

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