Meta and Google Employees Are Jealous of Nvidia’s Rich Peers
Employees of the tech world have been discusses compensation packages at company headed by Jensen Huang compared to Mark Zuckerberg’s Meta and Sundar Pichai-led Google.
ABOVE Blind—an anonymous forum for software and technology professionals—a user who said they used to work at Google asked an Nvidia employee: “How rich are you guys?”
One Nvidia employee, who said their net worth was around $3 million, responded that employee wealth “really depends on your level.”
The individual added that they still have $3 million in unsold assets and are “very comfortable.”
“Buy a $100k family car in cash and don’t have to think about it,” the post continued. “Thanks JHH [Jensen Huang]“ .
The individual – who said the car they bought was a “fully equipped” BMW X7 – added that they had been promoted to Ic6, or chief engineer, in the past year.
Another user whose profile clearly states they work for Snapshot wrote: “My wife and I are worth $14.8 million at age 32, neither of us work at NVDA but we live in the Bay Area and have some old friends there.
“Each one is worth over $25 million. It’s crazy.”
Another user whose profile shows they work for Meta chimed in: “The more I hear about Nvidia employees and their wealth, the more jealous I get. Anyone else like me?”
Meta and Google did not immediately respond. Assets of approach to commenting.
Why are Nvidia employees so rich?
The increase in Nvidia employees’ wealth is due to the company’s soaring stock price and the organization’s current attractive stock incentives.
Through Nvidia’s employee stock purchase program, employees can contribute up to 15% of their salary to buy company stock at a 15% discount.
This has led to examples including a mid-level employee who bought in for 18 years reported retired with $62 million worth of stock, according to Mr. BarronSenior Tech Editor Tae Kim.
Nvidia’s stock has skyrocketed in recent years, leading to a corresponding increase in the net worth of shareholders like employees and CEO Huang.
In October 2022, Nvidia was trading at around $14 a share—today, it’s up nearly $130 a share.
Huang’s net worth, much of which is tied to the chip giant, has also grown: In October 2022, Huang had a net worth of just over $11 billion; at the time of writing, his fortune was valued at $112 billion. according to Bloomberg Billionaires Indexmaking him the 12th richest person on the planet.
His 3.8% stake in the company is significant. that he could afford to sell hundreds of of thousands of stocks on an almost daily basis, The average value is $14 million.without causing a major impact on the market or his shares.
Nvidia did not immediately respond. Assets of approach to commenting.
Nvidia’s Culture
With millionaire status at stake for Nvidia employees, it’s perhaps no surprise that so many their expectations Working.
In an interview with 60 minutes released this spring, Huang was told some of the words his team used to describe him, including “demanding,” “perfectionist,” and “not easy to work with.”
Huang said those descriptions fit him perfectly, explaining: “It has to be that way. If you want to do extraordinary things, it shouldn’t be easy.”
Employees of the Santa Clara-based business appear to be satisfied with the work-life balance.
Writing on Blind, another user whose profile says they work for Nvidia added that the experience of working for Nvidia “depends on the team.”
They explained: “I work from 10am to 5pm on weekdays and have one or two evening meetings a week due to overseas collaboration.
“And people can work from home every day of the week, some of my teammates do.”
