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What Company Made Steve Jobs a Billionaire? - Hint: it Wasn't Apple! - How Money Works | How Money Works
What Company Made Steve Jobs a Billionaire? - Hint: it Wasn't Apple! - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈
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Steve jobs was worth an estimated 10.2 billion dollars at the time of his tragic death in late 2011, making him one of the wealthiest people in the world at the time.
This will not come as a huge surprise to most of you, because after all he was the founder and CEO of Apple Computers, which went on to be the most valuable company in history, with a market capitalization today of over 2.2 trillion dollars.
The thing is though, apple had very little to do with the fortune amassed by this legendary businessman.
Apple was famously founded by Steve Jobs, Steve Wozniak and Ronald Wayne in a Californian garage in 1976.The business found it’s initial seed capital from jobs selling his Volkswagen Bus, and Wozniak selling a high end pocket calculator.
These funds were then use to develop the apple one and subsequent apple two desktop computers, which introduced the world to a new way of interacting with these previously cumbersome machines.
During this period, Ronald Wayne, the often forgotten third founder of apple computers would sell his share in the company for $800 dollars. Those same shares today even after dilution would be worth more than half a trillion dollars, but c'est la vie
Video Clips Used In Video-
- https://www.youtube.com/watch?v=m4kn_GqGsKc - https://www.youtube.com/watch?v=QbbW8SO08XQ
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#SteveJobs #Billionaire #HowMoneyWorks
Answer to the mistake we made - The picture of the three founders does not actually include Ronald Wayne. In fact the man we crossed out was actually John Scully, the CEO that later ousted Jobs from the company.Follow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.-
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Published on 1Â day, 4Â hours ago