Meet Nvidia CFO Colette Kress: The Woman Behind Nvidia’s Monster Earnings

NVIDIA corporation’s chief financial officer and Executive Vice President, Colette Kress has achieved great success in her life. Kress has undoubtedly played an essential role in changing the company and boosting its finances.

Currently, Nvidia has revealed revenue of $30 billion, which is double that of the previous year, and Nvidia CFO Colette Kress has a significant hand in the company’s massive success. She made Nvidia’s CEO Jensen Huang‘s vision a success.

Although Nvidia stocks are reported to go down a bit, according to Kress, Nvidia and she has just started touching the skies, and they are ready to take over the world of AI, GPU, and Gaming.

Journey of Colette And Nvidia

Nvidia CFO Colette Kress has worked for tech giants for multiple decades, and when she joined Nvidia in 2013. Kress previously told the media that Nvidia was the smallest company she had ever worked for, and she joined Nvidia because her sons suggested that she do so.

Kress has stayed with Nvidia since Nvidia H100, leading the company towards AI rather than gaming.

Following Nvidia’s success, Kress has said that she will focus more on capital allocation to make Nvidia more successful and become an even more prominent figure in the AI world.

Nvidia CFO Colette Kress. Image Credit: Instagram.

While Colette has repeatedly mentioned that she is pleased with Nvidia’s growth, she has already planned the company’s growth and scale for decades.

Kress advises the company to focus on high-impact areas, such as generative AI, while strategically reducing investment in less productive areas, like general-purpose X86 CPUs. This goal will allow the company to fully utilize its resources and be more efficient, eventually leading to productive gains.

Nvidia CFO Colette Kress Family and Children

Nvidia CFO Colette Kress is married to David Kress, who met around the early 2000s when Colette worked for Microsoft. Similarly, David also started his career at Microsoft in 1987 and later retired after working in marketing for multiple decades.

Both are said to have met in Silicon Valley, and they currently have two sons, Mathew Kress, and David Kress Jr. Both sons are passionate about sports. Matthew has played basketball and golf with his dad for Bellarmine College.

Regarding golf, Mathew was decent in basketball, but he found his true passion in golf and later earned a well-deserved name by playing in Florida Gators. From playing as a low-ranked high school golfer, Mathew went on to win the SEC championship in nearly 12 years.

Nvidia CFO Colette Kress. Image Credit: LinkedIn.

On the other hand, Mathew’s brother, David Jr., has been very active in the tech industry, working alongside his mother. After completing their bachelor’s in engineering from the University of Southern California, David worked as a Product Definition Intern at Nvidia.

David Jr. later worked as a Silicon Validation Intern at Nvidia for nearly four months. Like his brother, David Jr. has found his passion in sports, working as a Graduate Assistant for SMU Men’s Basketball.

Colette Kress Net Worth-2024

Nvidia CFO Colette Kress’s net worth is over $500 million. A year ago, Kress’s fortune was $250 million. Let’s look at all of Kress’s earnings throughout the year.

By Nvidia’s 2nd quarter, Colette’s compensation reached $13 M. with a total cash compensation of $1,496,863 and a total equity of $11,756,027, calculating other sources of $13,902, making a total compensation of $13,266,792.

The data provided was only from 2024; Colette has grabbed a lot of money by working at Nvidia, though she hasn’t exited yet, working for the firm for over a decade. The data of years and earnings of Kress will be presented to you in the table below:

Table Source: Salary.com 

The fluctuations in Kress’s net worth are caused by factors like the amount of compensation received, an extra source of income, total equity at the firm, and total cash received by her annually.

Let us explain that to you and then show you later, using data provided by online sources, how each factor has affected her net worth every year. Watch out for Kress’s earnings Over the Years.

Kress’s Earnings Over The Years

Earnings fluctuated with the company’s growth and downfall, though she continued working at the same firm for years. Her growing nature and other members’ contributions helped the organization run smoothly for an extended period.

Let’s see what’s there about the fluctuations that occurred in the compensations and earnings of  Nvidia CFO Colette Kress as follows:

2019 Total Compensation: $4,975,388

• Total Cash Comp: $1,175,563
• Total Equity: $3,791,203
• Total Compensation: $4,975,388

2020 Total Compensation: $4,432,840

• Total Cash Comp: $1,116,530
• Total Equity: $3,307,188
• Total Compensation: $4,432,840

2021 Total Compensation: $8,121,042

• Total Cash Comp: $1,515,620
• Total Equity: $6,595,691
• Total Compensation: $8,121,042

2022 Total Compensation: $9,775,927

• Total Cash Comp: $1,496,595
• Total Equity: $8,269,020
• Total Compensation: $9,775,927

2023 Total  Compensation: $10,917,228

• Total Cash Comp: $897,149
• Total Equity: $10,004,677
• Total Compensation: $10,917,228

2024 Total Compensation: $13,266,792

• Total Cash Comp: $1,496,863
• Total Equity: $11,756,027
• Total Compensation: $13,266,792

Now, talking about Nvidia’s revenue for 2025  is estimated to be quite different. It’s less or much than 2%, just as precisely saying an increase of 2.5 billion; it sounds much as small industries have that kind of revenue yearly, though it’s a small amount for a company like Nvidia. Let’s talk about it in detail; continue reading.

ALSO READ: Best 12 Interesting Facts About NVidia CTO Michael Kagan

Nvidia Shares Beyond Expectations: Sales Dropping Unexpectedly

On August 28, 2024, Nvidia released its financial report for the second quarter ending on July 28, 2024, revealing a significant revenue of $30.0 billion. This marked an impressive 15% increase from the previous quarter and an outstanding 122% surge compared to the previous year’s period.

Nvidia CFO Colette Kress. Image Credit: Instagram.

This substantial growth reflects Nvidia’s strong performance and continued success in the market. However, for the third quarter of fiscal 2025, Nvidia’s revenue is expected to be $32.5 billion, plus or minus 2%. Just as the details are provided, we can’t expect it to be much higher as some firms are struggling while others are expanding.

Talking About the Bonuses: The Impact on Earning

Bonuses excite employees, whether in superior positions or lower ones. The table mentions Nvidia CFO Colette Kress’s yearly bonuses accordingly.

• Bonus + Non-Equity Incentive Comp: $600,000-2024
• Bonus + Non-Equity Incentive Comp: $600,000-2022
• Bonus + Non-Equity Incentive Comp: $600,000-2021
• Bonus + Non-Equity Incentive Comp: $219,667-2020
• Bonus + Non-Equity Incentive Comp: $278,700-2019

Talking about the bonus, she didn’t receive it, only in the year 2023. Nvidia CFO Colette Kress has taken bonuses every year from 2019 to 2024, which makes a sum of $22,98,367, which doesn’t seem to be a small amount as a bonus, just five years of bonuses received together.

Conclusion

In conclusion, Colette is one of the most influential female administrative experts. With her vast portfolio, she has spent more than two decades managing the finances of big names in Information technologies.

From Microsoft and CISCO to NVIDIA, she has been a source of inspiration for many. Considering her financial efforts, she was awarded CFO of the Year in 2016. In addition, the California Diversity Council named her one of the Top 50 Most Powerful Women in Technology.

Nvidia CFO Colette Kress. Image Credit: Social Media.

Undoubtedly, her contributions played a vital role in the success of companies like Microsoft and NVIDIA over the years. Colette paves the way for other female executives who aspire to be influential like Kress.

The CFO Officer has left an indelible mark on every company she has worked for. She is the best of both worlds with her expertise in technology and finance. Over the past 25 years, she has been responsible for numerous financial strategies, planning, and reforming processes around different organizations.

Moreover, her leadership has become exemplary in NVIDIA’s recent rise in the gaming world. She has been with the leading Computer Hardware manufacturing company for over 11 years. We shall see Colette progress increasingly with companies like NVIDIA, with her expertise and experience.

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