“Steve Jobs is being remembered for many things, but his wealth has largely been out of the picture since his death at age 56 two weeks ago,” John Blackstone reports for CBS News.
“Just how much was the tech innovator worth? Jobs amassed a fortune valued at more than $6 billion,” Blackstone reports. “Larry Magid, technology analyst and CBS News consultant, said of Jobs, ‘We know he was a billionaire several times over. He not only had Apple, but Disney and Pixar, so he did quite well.'”
Blackstone reports, “As Apple’s CEO, Jobs was paid just one dollar a year. His 5.5 million shares in Apple, however, are worth more than $2 billion. His holdings in Disney and the animated film maker Pixar are worth even more – about $4.4 billion.”
Read more in the full article here.
NeXT?
Breeze: “NeXT?”
Was acquired from Jobs, by Apple, he revived 5 million shares of apple stock in trade for his interest in NeXT. (and most of the managers at next went in to run Apple)
The quote is also a little confused, Jobs had no Pixar stock at the end because Pixar was acquired by Disney. Jobs received $4+ Billion in Disney stock for his interests in Pixar making him the largest individual share holder in disney. (and most of the mangers at Pixar went on to run Disney. Sound familiar?)
WOW!!! a billionaire?
Who Knew?
I am completely amazed at this news
Especially since SJ only made $1 a year.
Apple does not pay dividends, so the shares do not actually do anything good to your bank account directly.
They can only be used to get actual money if you sell them or use as a ledge if you want to get loan.
Disney pays dividends, so this is where Jobs actually earned money.
Wow, I had no idea that the former CEO of Apple and Pixar could even make $1 billion, I mean he was only paid $1 a year since he came back to Apple. I really thought he would have just $14 plus interest in his bank account.
Thank you, Mr. Obvious! Can I have that job?
But in the end it didn’t do him any good. ;(
It gave him 6 more years than what is normally the time people with his disease last.
Shawn… you sound jealous…. He was far more significant than you are….. it’s obvious he is…. if even by just reading your comment……
He was more than his wealth…. he actually made a difference…. how many people will care when you die? Not that many. So, you tell me what being Steve Jobs, ‘got him’
So, you tell me what being Steve Jobs, ‘got him’.
He told you, straight up. Shawn has only said what we’ve all heard over and over again about life; you can’t take it with you.
What he implied is, no matter how significant people think you are, in the end, Steve Jobs is a mere mortal who couldn’t talk his way out of being terminally ill.
“Time to die.” Batty (Replicant Nexus-6)—Blade Runner
Thank you that’s what I meant…wasn’t trying bad mouth the man..I love apple.
Really you want to go there? I made just a comment..and your one of the people who read these posts just to start a fight because your life has no meaning and the only way you feel big is to insult people. Not even man enough to post your name. Your so sad.
I don’t think money was Steves driving force. If it was Apple wouldn’t be what it is today. And he certainly didn’t live an extravagant lifestyle from everything I’ve read. His home is described as nice but not extravagant.
Actually he never cared about the money. It was nice and gave him peace of mind that his family will be provided for a very very long time.
The money, it has never been his motivation. You all should know that by now.
If he had been a “Wall Street” kinda guy, there would have been a much much much larger fortune. I don’t honestly believe he worked so hard for the “money”. Hard work leads to success, and success is the greater reward.
What would be more interesting to know is what becomes of his personal fortune. Does his will give it all to his family, to enrich them for several generations? Give it all to charitable causes? Invest it in some clever enterprise he devised? Some combination of all them? Jobs was criticized during his lifetime for his lack of philanthropic giving. I suspected he would remedy that with his will.
Nah… He is not giving to charity. It will go to his family. Apple is the “charity” he gave to the world.
Agreed. His family first and foremost.
Fuck anyone who would criticize him on those grounds. He improved more lives more dramatically than any charity on the planet ever could.
He could have retired in 1985 with 140 million.
Every year since then has been his gift to humanity.
So, fuck the greedy selfish thieving bastards who want to take his fortune away and call it “charity”
I hope his money was offshore and in trusts so thieves like Obama can’t get their hands on it.
I agree that Jobs’s contributions to humanity is better than to any charitable donation. And his personal fortune is his to do whatever he wants with it in his life and after his death.
But still, what has his family done to deserve being wealthy for many generations? To me, inheriting insane amounts of money through family connections sounds less like free market capitalism and more like monarchy. Ideally, shouldn’t everyone at least be born on a level playing field?
Surprinsingly enough, he was not even in the Forbes top 100. His contribution to the world is far greater- no comparison!!- than those of arabic oil dinasties, russian moguls “nouveaux riches ” and speculators whose fortunes are way over 6 billion.
You’re greatly missed MrJobs.
Jobs did not “amass a fortune”. What headline baiting. Jobs held significant shares in companies that he started, that he invested in, and/or rescued from oblivion. He did much of this on a $1/year salary.
If Jobs could do this, then all CEOs should show equal dedication. after your personal stock valuation exceeds a few hundred million — whether it be earned, as in Jobs’ case, or awarded by chummy boards, as is the norm, then retire or revert to a $1 salary instead of fleecing shareholders already!!!!
Modern executives have no shame, the greedy self-serving egotistical bastards. And no, they are not smarter or more innovative today than those of prior generations who took home <10x the salary of their average employees. until income balance is restored to a sane level, the nation will continue to tear apart.