Micron CEO Sanjay Mehrotra Becomes A Billionaire Amid Trillion-Dollar Memory Chipmaker Boom
Sanjay Mehrotra, the CEO of Micron Technology, has become a billionaire as the company's stock reached record highs. His fortune is now estimated at $1.2 billion, driven by a significant increase in demand for memory chips used in AI applications. Micron's market capitalization has also soared to approximately $1 trillion, joining other major players in the memory chip industry.
- ▪Mehrotra has been the president and CEO of Micron since 2017, previously cofounding SanDisk.
- ▪Micron's stock has surged 194% this year and 863% over the past year due to rising demand for memory chips.
- ▪Micron is now the third memory chipmaker to reach a market capitalization of $1 trillion, following Samsung and SK Hynix.
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BreakingBusinessMicron CEO Sanjay Mehrotra Becomes A Billionaire Amid Trillion-Dollar Memory Chipmaker BoomByAlicia Park,Reporter. I cover markets and tech.Follow AuthorMay 27, 2026, 04:03pm EDTMay 27, 2026, 04:18pm EDTToplineSanjay Mehrotra, the chairman, president and CEO of Micron Technology, is now a billionaire, after shares of the Boise, Idaho-based memory chipmaker hit record highs, pushing his estimated fortune to $1.2 billion. Micron CEO Sanjay Mehrotra speaks before US President Joe Biden delivers remarks on the CHIPS and Science Act on April 25, 2024.
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