ByZachary Folk,

Forbes Staff.

Nvidia CEO Jensen Huang’s fortune climbed over $200 billion for the first time Thursday as shares in the chip designer rose over 4%, making him the seventh person in the world to actively have a net worth over $200 billion.

Huang’s net worth climbed to above $203 billion around 12:30 p.m. EDT on Thursday, with his fortune up more than 4% as Nvidia shares rose.

Nvidia’s stock price surged over 4%, trading around $235 per share, after Reuters reported the U.S. approved the sale of the company’s H200 chips to 10 Chinese tech firms.