Entrepreneur, industrial designer, business magnate, media mogul, and investor Steven Paul Jobs (February 24, 1955 – October 5, 2011) was an American pioneer in many fields.
After Apple’s acquisition of Pixar, he joined The Walt Disney Company’s board of directors and also served as chairman and CEO of Pixar and NeXT, another company he co-founded.
Both he and his fellow Apple co-founder and early business partner, Steve Wozniak, are hailed as forerunners of the personal computer revolution of the 1970s and 1980s.
Steve Jobs: Early Life
Jobs was adopted by Paul and Clara Jobs, a lower-middle-class couple. At age 13, he met Stephen Wozniak, an electronics whiz-kid —and an incorrigible prankster, much like Steve himself.
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He dropped out of college and moved to a hippie commune in Oregon.
Apple Computer’s Inception
Jobs was raised in Cupertino, California, in the heart of what is now known as Silicon Valley, by adoptive parents. However, he had a wide range of early interests in addition to engineering. He left Reed College in Portland, Oregon, to work as a video game designer at Atari in early 1974, and later used the money he had saved to make a spiritual journey to India to study Buddhism.
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Jobs was one of the first entrepreneurs to understand that the personal computer would appeal to a broad audience. With Steve Wozniak, he designed an improved model, the Apple II, complete with a keyboard. The machine was an immediate success, becoming synonymous with the boom in personal computers.
Which Residence Did Steve Jobs Own?
Woodside: In 1984, Steve bought the Jackling House in Woodside, California. The home has 14 rooms and is 17,000 square feet in size. In 1925, copper magnate Daniel Cowan Jackling commissioned the construction of this mansion. George Washington Smith, a prominent architect in California, was responsible for designing this home.
“I didn’t sleep a wink last night.
And I was so excited about today, because we’ve been so lucky at Apple. We’ve had some real revolutionary products.” — Steve Jobs, MacWorld, 2007 pic.twitter.com/5GQmVVdHGW— Steve Jobs Stories (@SJobs_Stories) September 9, 2022
A record-breaking public stock offering occurred in 1981, and the company entered the Fortune 500 faster than any other at the time, in 1983. In 1983, the company hired John Sculley, president of PepsiCo, Inc., to serve as chief executive officer (CEO) and, implicitly, to teach Jobs the ins and outs of running a major corporation.
Jobs had challenged Sculley to take the job, and Sculley accepted after hearing him say, “Do you want to sell sugar water for the rest of your life?” The line was masterfully delivered, but it also exposed Jobs’ own near-messianic faith in the computer revolution.
Steve Jobs: Net Worth
It’s commonly believed that if Steve Jobs were still alive today, he wouldn’t have donated much of his fortune and would have spent very little of what he did have. Apple may be where most people associate Jobs with success, but he actually made more annually from Disney (and specifically Pixar) than he did from Apple itself.
To put this into perspective, if Jobs had started with $10 billion, he would have made $2 billion from Apple and $8-ish billion from Disney, bringing his total to an estimated dragon-worthy pile of gold today.
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According to Brian Warner, who created the website Celebrity Net Worth, “if Steve Jobs were alive today and held onto every single share of Apple and Disney, his net worth would be $45 billion, and every year he would make $402 million from dividend payments.”
Even more unbelievable is the fact that Jeff Bezos might have faced serious competition had events taken a different turn.
Warner says, “Let’s assume for a second that Steve never sold any of his 20% original Apple stakes, and let’s further assume he never left the company to run Pixar and sell it for billions.
If he just maintained that 20% stake as the company grew to a $2 trillion market cap, today he’d be worth well over $400 billion, which would therefore make him the richest human in modern history by a factor of TWO.”
Final Lines
It’s commonly believed that if Steve Jobs were still alive today, he wouldn’t have donated much of his fortune. He actually made more annually from Disney and Pixar than he did from Apple itself.
If Jobs had started with $10 billion, he would have made $2 billion from Apple and $8 billion from Disney.
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People Also Ask
How Much of a Millionaire Would Steve Jobs Be Now?
If Jobs still owned Disney shares today, his investment would be worth nearly $22 billion. But in a different timeline, Jobs might have managed to keep more of Apple for himself and become the wealthiest person on the planet. When Apple went public in 1980, Jobs owned about 11 percent of the company.
How Did Steve Jobs’ Fortune Disappear?
It is believed that Steve left nearly all of his estimated $10.5 billion in wealth to his wife Laurene Powell-Jobs when he passed away in 2011 at the age of 56 from pancreatic cancer.
Is Apple Still Steve Jobs’ Company?
Steven Paul Jobs (born February 24, 1955, in San Francisco, California, U.S. — passed away October 5, 2011, in Palo Alto, California), better known as Steve Jobs, was a charismatic pioneer of the personal computer era and a co-founder of Apple Computer, Inc. (now Apple Inc.). Company Name: Apple Inc.
