The Mistake That Cost Steve Jobs $29,000,000,000

The Mistake That Cost Steve Jobs $29,000,000,000

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Tim Parker of Investopedia calculates that Steve Jobs might be $29,000,000,000 richer had he not made one mistake.

Jobs originally invested $1,500 in starting Apple. When the stock went public on Dec 12, 1980 he owned 7.5 million shares. Since Apple has done three two-for-one stock splits, Jobs would have had 78,909,091 shares of Apple.

At a $400 share price today, Steve Jobs would be worth about $31.6 billion if he held all of his initial shares versus an estimated $2.2 billion in Apple stock today (at $400 with 5.426 million shares of Apple). Of course, we all know that didn't happen. When Jobs was ousted out of Apple in 1985 he sold all but one share so he could still get the annual report. It was not until he came back in 1997 that he was rewarded additional shares in Apple.

Parker notes that today most of Jobs net worth comes from the sale of Pixar to Disney. He is currently estimated to be worth $6.5 billion to $7 billion and is the 110th richest person. If he hadn't sold any of his Apple shares in 1985 he would be worth $36 billion today, making him the fifth richest person on Forbes "Top Billionaire List".

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The Mistake That Cost Steve Jobs $29,000,000,000

Gleb - September 29, 2014 at 12:09am
If Steave jobs be alaf he would have more than 300,000,000,000
James Katt - October 2, 2011 at 6:56pm
Past $50 Million Dollars, money means less and less. By then, you've already made it. You do not have to work the rest of your life. You do not have to have any stress in your life. You no longer have to struggle. You can focus on your own health. The extra billions mean nothing.
Buggsy2 - October 1, 2011 at 3:53pm
Would the $29 B buy him good health? No. Money isn't everything but we've forgotten that in the USA.
Sapi - October 1, 2011 at 6:24am
29 billion and not a single unlock give away :)
symbian74 - October 1, 2011 at 4:23am
And when he had 29 billion more, what then? Would it change the fact that he hasn't been exactly giving away his "paltry" fortune?
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