💸 The most expensive Mercedes ever bought
Jensen Huang shared a brutal investing story. After Nvidia’s 1999 IPO, he sold 11,250 shares to buy his parents a Mercedes S600 V12 for ~$135K. Stock price back then: $12.
After 7 stock splits, those shares would now be worth $1+ billion. For context: the world’s most expensive new car costs $32M.
“This is the most expensive car ever,” Huang joked. The Mercedes is still in the family.