😎Jensen Huang once sold Nvidia stock to buy a Mercedes
Jensen Huang shared a story at the World Economic Forum about a gift that became very expensive over time.
Jensen Huang shared a story at the World Economic Forum about a gift that became very expensive over time.
🖱 After Nvidia’s IPO in 1999, he sold part of his shares to buy his parents a Mercedes S Class S600 with a 6 liter V12. The car cost about $135,000. Nvidia was valued at $300 million and the stock traded at $12.
🖱 The sale involved 11,250 shares. Since then, Nvidia has completed 7 stock splits. Those shares would now equal about 5.4 million shares.
🖱 At a current price near $187, that stake would be worth over $1 billion. For scale, the Rolls Royce Droptail costs about $32 million and only 4 exist.
Huang joked that it was the most expensive car in the world.
His parents still own it.
His remaining Nvidia stake is now valued at roughly $123 billion.