Nvidia (NASDAQ:NVDA) CEO Jensen Huang has made tens of billions of dollars in recent years from his stake in the chipmaker, but he's getting his first salary increase in a decade.

Reports out this morning suggest Huang's base salary rose to $1.5 million, a 49% increase from 2024, according to a proxy filing with the SEC on Thursday. His variable cash also went up by $1 million, or 50%, from the 2024 fiscal year. Stock awards grew to $38.8 million, bringing total pay to $49.9 million.

The compensation committee "believed this was appropriate in consideration of internal pay equity with the base salaries" of other top executives, the filing said, and "it represented Huang's first base salary increase in 10 years."

Nvidia is in the midst of a boom that's turned it into one of the most valuable companies in the world, thanks to its graphics processing units (GPUs) that power the most powerful artificial intelligence models and workloads.

Revenue in the 2025 fiscal year jumped 114% to $130.5 billion, the company reported in February.

The company's stock price increased more than ninefold between the end of 2022 and the end of last year. Huang's roughly 3.5% stake is currently worth about $94 billion.

The tech darling began Friday trading up $2.48, or 2.2%, to $114.09.

COMTEX_465143946/2559/2025-05-02T09:57:12