- Nvidia CEO Jensen Huang’s leather jacket sells for $960,000, well above the estimate of $40,000 to $60,000.
- Huang’s jackets have become an icon of the technology sector and a staple piece of the CEO’s “uniform.”
- Proceeds will help fund scholarships and more in technology.
A Tom Ford black leather jacket worn and signed by Nvidia CEO Jensen Huang sold at an auction in New York for $960,000.
“The response to this sale exceeded even our highest expectations,” explained Brahm Wachter, Sotheby’s director of modern collectibles, and the jacket sold for about $900,000 more than the auctioneers had anticipated, given the auction house’s estimate of $40,000 to $60,000.
The jacket itself (one of many the CEO has owned, of course) has become a recognized staple throughout the tech sector, and Huang is rarely seen in public wearing anything else.
Jensen Huang’s jacket sold for $0.9 million
This specific jacket comes from Tom Ford’s Spring-Summer 2023 collection; However, the CEO has been wearing similar jackets for years, leading to similar examples becoming essential parts of any Nvidia keynote or tech conference.
Huang is one of a growing number of CEOs who have chosen uniformity and simplicity in their clothing: Mark Zuckerberg’s blue jeans and gray T-shirt, and Steve Jobs’ black turtleneck, also become equally iconic.
Independent verifiers are said to have confirmed both the authenticity of the jacket and the authenticity of the signature, revealing that it was worn by Huanh at the 2023 Foxconn Tech Day.
Clearly, it being Jensen Huang’s jacket is the main reason it sold for almost $1 million at auction. His company, Nvidia, is something of an AI success story, having gone from a valuation of around $300 billion in 2020 to $4.9 trillion today.
At the time of writing, Nvidia is the most valuable company in the world, just a little ahead of Apple: at a cost of $940,000 you can buy around 4,653 shares of the company at the current market price.
Proceeds go to help fund Edge Institute, a nonprofit that will support scholarships, grants, and residencies across the tech sector.
Through CNBC
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