00:00NVIDIA just became the first company ever worth $5 trillion, meaning those who own even
00:06just a fraction of a percent of the high-flying stock are now super rich.
00:12The latest to join the billionaire club, 77-year-old venture capitalist and long-time NVIDIA board
00:18member Brooke Sewell, who Forbes estimates is now worth $1.1 billion as of Wednesday
00:24morning. Almost all of that wealth comes from his 0.02% stake in NVIDIA, which was worth just
00:32$50 million five years ago. Now, it's worth $900 million. Sewell joined NVIDIA's board in 1997
00:40when he was an executive vice president at NetDynamics, an application server software company
00:47that was acquired by Sun Microsystems a year later. He joined venture capital firm Technology
00:53Crossover Ventures as a partner in 2000 and moved five years later to new enterprise associates,
00:59where he remains a venture partner today. NVIDIA now boasts six billionaire backers, including
01:05Sewell and three other venture capitalists and long-time board members, Mark Stevens, Tenchcox,
01:11and Harvey Jones, as well as NVIDIA's chief financial officer Colette Kress and co-founder
01:17and CEO Jensen Wong. Sewell's fortune stretched into 10 digits Wednesday morning when NVIDIA's
01:24shares climbed by 5% after the company announced the latest in a string of high-profile deals on
01:30Tuesday. The company, which became the first firm to hit a $4 trillion market cap in July,
01:35has seen its shares rise by 50% this year amid the AI boom, which has generated a surge in demand
01:43for NVIDIA's chips. For more on this story, check out the article at the link in the description.
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