Tuesday, January 18, 2022

Here’s what Steve Jobs might have been worth with Apple valued at $3 trillion

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On Monday, Apple became the first company with a market capitalization of $ 3 trillion – nine times more than the company’s founder, Steve Jobs, died in 2011.

Unlike other legendary technology moguls like Jeff Bezos, Snake Mask and Mark Zuckerberg, Jobs owned very little Apple at the time of his death.

Instead, much of the wealth that Jobs passed on to his wife when he died of cancer in 2011 came from an 8 percent stake in Disney. Jobs acquired the shares in 2006 when he sold the animation studio Pixar, which he founded, to Disney.

Based on Disney’s current value, Jobs ’stake is now nearly $ 22 billion.

But in alternative history, Jobs could have taken a bigger bite than Apple and become the richest man in the world.

When the company went public in 1980, Jobs owned about 11 percent of Apple.

Five years later, he was fired from the company and angrily sold all but one of his shares, saying he did not trust the company’s management. It retained a single share to be included in investor reports.

While Apple’s market capitalization was $ 3 trillion on Monday, Apple’s 11 percent stake is now worth $ 330 billion. That’s more than $ 100 billion for Jobs, according to Forbes, the current richest man in the world with a fortune of $ 298.7 billion, as well as Jeff Bezos, who has a fortune of $ 195.8 billion.

Apple is currently valued at $ 3 trillion – nearly 9 times the value of the company’s jobs in the past.

More than a decade after Apple, Jobs returned to the company in 1997 as CEO. Although he was given millions of shares as compensation, the technologist never got back anything close to his original stake in the company.

During his second term as CEO, Jobs was also embroiled in a stock market scandal. The Securities and Exchange Commission has accused Apple of obsolescence, including the improper writing of an illegal date in contracts to give Jobs and other executives good compensation packages and employee stock options to avoid taxes.

Jobs and Apple eventually settled a shareholder lawsuit in the dispute for $ 14 million, while other executives paid smaller fines.

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