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Jensen laments buying Mercedes for his parents with Nvidia stock that would be worth $1.33 billion today — founder cashed out some stock after 1999 IPO to buy his parents a $135,000 S-Class

Source

Tom's Hardware

Published

TL;DR

AI Generated

Nvidia CEO Jensen Huang expressed regret for using company stock to buy his parents a Mercedes S-Class after the 1999 IPO, as the stock value has since soared. The car, costing around $135,000 at the time, was a significant purchase for Huang's parents. Had Huang gifted them Nvidia shares instead, they would have had stock worth $1.33 billion today. Despite this missed opportunity, Huang's overall Nvidia stock holdings remain substantial at an estimated $123 billion.