Jensen Huang, boss of the 2nd largest company in the world, has a unique parenting approach

Hello everyone, I'm Vicky. The Air Force is creating new billionaires in the world. Forbes magazine says that Asian-American Jensen Huang is now one of the most wealthy on the planet. The 61-year-old has two kids and has a very unique approach in terms of educating children. Before going into details, let's talk about his childhood. Huang was born in Taiwan. His dad was a chemical engineer and his mom was an elementary school teacher. He went to Thailand at the age of five. Due to the political chaos there, he moved to the U.S. for the first time when he was 10. His uncle lived in the U.S. at that time and sent him to a very affordable boarding school since he had limited financial resources. That place was more of a juvenile rehab center than a school, and many students there were troubled kids. Huang recalled that Every kid there carried a knife, and many had tattoos all over their bodies. As a boy, Huang was responsible for cleaning all the washrooms on campus. And yet, he was bullied. That tribulation lasted for two years. While attending Oregon State University, Huang majored in electrical engineering. He met his true love at the age of 17. A 19-year-old schoolmate was his first girlfriend. He had a very unique income at that time, so how did he court Laurie Mills? The two spent lots of time in the lab together. And Huang said I didn't let her know that I was younger. I called her often, suggesting, shall we do homework together? It's time to do homework. I was longing to leave a great impression, not based on my looks, but on my excellent performance at school. Huang worked at AMD after graduating from college. On that occasion, Huang decided to propose to Laurie. AMD had a party on that day, and Huang was driving a red Toyota to that event. His proposal was a success, but he almost passed away in a major car crash. His body was covered in ice while bleeding, while Laurie was in an accident and only suffered minor injuries. His Toyota was a total loss. That's the first car he ever bought in his life. The two married after five years of dating, and their son, Spencer, and their daughter, Madison, are both working. Huang can speak a Taiwanese dialect, and he encourages his children to learn Mandarin. Not to do that in the U.S., but in Taiwan. According to Spencer's resume, he studied Mandarin at National Taiwan University for a few months in 2011. He then took more courses at the same school from 2012 to 2013, after which he interned at his father's company, NVIDIA, as a Mandarin-English translator. Spencer's website says that his Chinese achieves professional working proficiency. He came back to the U.S. after operating a bar in Taiwan for a few years. Now he's working for his dad as a senior product manager. We'll talk about his son. Now let's talk about his daughter. Huang encouraged Madison to learn a foreign language on top of English. She likes French, so he motivated her to learn it in Paris, not in the U.S. She worked in Paris for a few years. Our last episode features Bernard Arnold, the most wealthy man in the world. And Madison worked as a marketing manager for Louis Vuitton, which is owned by Arnold. She claims that her French achieves professional working proficiency. After working for a few years in France and the U.K., she returned to the U.S. Now she's working for her dad as well, playing the role of product marketing director. The new product joins the company's management team. Huang is becoming even more ambitious. NVIDIA products are dominating the global AI market in 2024, and their stock price skyrocketed to over $1,100 per share. So NVIDIA becomes the third most valuable company in the world, or the third largest company by market cap, just behind Microsoft and Apple, after defeating Google, Amazon, Tesla, and Facebook. Market cap is the total market value of a company's outstanding shares of stock. For example, a company has 10 million shares outstanding, and each has a price of $100. Then it has a market cap of $1 billion. As of May 29, 2024, NVIDIA has a market cap of $2.8 trillion, becoming one of the most lucrative businesses in 2024. As the president and CEO, Huang only owns 3% of NVIDIA's shares, and yet this is enough to bring his net worth to $100 billion. Forbes magazine says he is the most wealthy Chinese on the planet. Huang is visiting his homeland Taiwan this week, attending Taipei International IT Show, also known as Computex, in early June. He will be giving a speech. Taipei is known for very hot summer, and yet he will be wearing the same black jacket that he has put on for decades, which looks pretty cool. See you next time.