The Secret Behind Steve Jobs Wealth

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On October 5th 2011 Steve Jobs died of Pancreatic cancer at 56 years old. At the time of his death Steve jobs was worth an estimated 10.2 billion dollars. Having that net worth at this time made him one of the wealthiest people in the entire world. Now, this may not be a surprise to most of us because after all he was one of the three founders of Apple, which now has a market capitalization of over 2.5 Trillion Dollars making it the second most valuable company in the world right now. But the thing is that the company we know him for actually had very little to do with the fortune he amassed over his lifetime. It's quite coincidental because by assumption, you would think Steve Jobs' money was made from Apple, but in reality it wasn't. So to start this story, we need to take it all the way back to when Apple was founded. Apple was famously founded by Steve Jobs, Steve Wozniak and Ronald Wayne in this California garage in 1976. The business found its initial investments from Steve selling his Volkswagen bus and Wozniak selling his high-end pocket calculator. These funds were then utilized for the development of the Apple One and the Apple 2 desktop computers, which presented an easier method of interaction with the large computers at the time, making them appealing to the public. During this timeframe Ronald Wayne, the often forgotten third founder of Apple, would sell his 10% share of the company for eight hundred dollars. Unfortunately for him those today would be worth over 250 Billion dollars, just think about this if you didn't buy Nvidia stock months ago. Anyways, Fast forward to the 1980s and the company had found tremendous success selling personal computers.

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This channel is for education purposes only and does not constitute financial advice, we are not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance!