Employees of the tech world were Discussion about the compensation packages in the company led by Jensen Huang against companies like Mark Zuckerberg’s Meta and Google led by Sundar Pichai.
To Blind– an anonymous forum for software and technology professionals – a user who claims to have previously worked at Google asked Nvidia employees, “How rich are you?”
A supposed Nvidia employee, who reported his net worth at around $3 million, responded that employee wealth “really depends on the position.”
The person added that there are still $3 million worth of assets to be acquired and that they feel “very satisfied.”
“Bought a family car for $100,000 cash and didn’t have to think about it,” the post continued. “Thanks JHH [Jensen Huang].”
The person, who said the car purchased was a “souped up” BMW X7, added that he was promoted to Ic6, a senior engineer, last year.
Another user who indicates in his profile that Snap in wrote: “My wife and I are worth $14.8 million at 32 years old. Neither of us works at NVDA, but we live in the Bay Area and have some old friends there.
“Every single one of them is worth over $25 million. That’s crazy.”
Another user, whose profile shows he works for Meta, chimed in: “The more I hear about Nvidia employees and their wealth, the more jealous I get. Anyone in?”
Meta and Google did not respond immediately to Fortunes Approach to a comment.
Why are Nvidia employees so rich?
The growing wealth of Nvidia employees is due to the company’s rapidly rising share price and the now famously attractive stock bonuses.
Nvidia’s employee stock purchase plan allows employees to contribute up to 15% of their salary to purchase company stock at a 15% discount.
This has led to examples including a mid-level employee who was with the company for 18 years According to reports retire with stocks worth $62 million, according to Barron’s senior technology editor Tae Kim.
Nvidia’s share price has exploded, particularly in recent years, leading to a corresponding increase in the net worth of shareholders such as employees and CEO Huang.
In October 2022, Nvidia was trading at around $14 per share – today the price has risen to almost 130 USD per share.
Huang’s net worth, most of which is invested in the chip giant, has also seen an upswing: As of October 2022, Huang was worth just over $11 billion, and at the time of writing, his fortune is estimated at $112 billion. according to Bloomberg Billionaire’s Indexmaking him the twelfth richest person on earth.
His 3.8% stake in the company is so significant that he can afford to spend hundreds of thousands of stocks on an almost daily basis, worth an average of USD 14 millionwithout having a massive impact on the market or its share.
Nvidia did not immediately respond to Fortunes Approach to a comment.
The culture of Nvidia
With millionaire status at stake for Nvidia employees, it is perhaps no surprise that many expected from them at work.
In an interview with 60 minutes Huang was told some of the words his team used to describe him, including “demanding,” “perfectionist,” and “not an easy employer.”
Huang said these descriptions fit him “perfectly,” explaining, “That’s how it should be. If you want to do extraordinary things, it shouldn’t be easy.”
Employees at the Santa Clara-based company seemed happy with their work-life balance.
Another user who states on his profile that he works for Nvidia added on Blind that the experience of working for Nvidia “depends on the team.”
They explained: “I work from 10 a.m. to 5 p.m. on weekdays and have one or two evening meetings per week due to cooperation with foreign countries.
“And people can work from home all week, some of my teammates do that.”