AMD CEO Lisa Su became a billionaire thanks to sales of artificial intelligence processors
AMD's stock price has surpassed $170, making Lisa Su, the company's CEO, a billionaire.
AMD: Lisa Su became a billionaire thanks to rising stocks
AMD's record earnings and Lisa Su's wealth
After breaking the $170 mark per share of AMD, Lisa Su increased her fortune to $1 billion, becoming the 26th female billionaire in the United States thanks to her own efforts. She still has to surpass the earnings of her main competitor, NVIDIA's Jensen Huang, although artificial intelligence has made her quite rich.
AMD Stock Price and Lisa Su's Net Worth
Lisa Su's estimated total net worth is $1.1 billion, mostly in the form of AMD shares, valued at approximately $700 million. AMD's share price continues to set new records, peaking at $184.92. Lisa Su has sold nearly $400 million worth of stock since 2016 and is worth at least $1.1 billion. As CEO of AMD, Su receives a salary consisting of cash and stock.
Lisa Su's Road to Billionaire
Lisa Su became CEO of AMD during a difficult time for the company period. She received a lower salary, but compensated for this with shares, which were poorly valued before 2016. Su received too many shares in the first year, but this resulted in the cancellation of 1.76 million shares.
Lisa Su's success and struggle for market share
Lisa Su's salary still depends from the AMD share price. She turned the company around with the Zen processor architecture, leading to record revenues and market share growth for AMD. With the acquisition of Xilinx, AMD began to surpass Intel in market capitalization, especially in the field of artificial intelligence.
Additional Investments of Lisa Su
Lisa Su likely has other investments and assets that increase her condition. She was a member of the Cisco board of directors while at AMD. Currently, Su's exact net worth is unknown, but she is a billionaire, largely thanks to her AMD stock.
Jensen Huang: NVIDIA Founder's Net Worth
NVIDIA CEO, Jensen Huang, also saw a significant increase in his net worth from $40 billion to $60 billion. Like Lisa Su, he owns a significant number of shares in the company he runs. He made a large profit due to the company's success.
- AMD is a technology company, manufacturer of processors and video cards.
- Intel is a competitor to AMD, also a manufacturer of processors and chips.
- NVIDIA is a company specializing in the development of video cards and artificial intelligence systems.
- Cisco is an international company specializing in the production of network equipment and solutions.
- Xilinx is a company that provides the technology needed to advance artificial intelligence.
- Forbes - article about how artificial intelligence helped Lisa Su become a billionaire.