MarketWatch is reporting that the dumbest trade ever was made by Steve Jobs and it cost him $10.3 billion.
It's got everything. Fame. Glamour. The exactly wrong trade at exactly the wrong time. Billions of dollars blown. And you won't believe who pulled it.
No, it wasn't some semi-pro hedge fund manager in Greenwich. An obscure European banker. Or a crazy trader in Hong Kong.
You ready?
It was Steve Jobs. Yes, the man who walks on water. The same genius who invented the iPhone, restored balance to the Force, and rescued Morpheus from the Matrix. Steve - Luke - "Neo" - Jobs. "The One."
In March 2003, Steve Jobs canceled all his options in return for $75 million in shares. The shares Jobs received are worth $2.5 billion today. If he had kept the options they would have been worth $12.8 billion.
Apple news, rumors, tutorials, price drop alerts, in your inbox every evening, free.
Unsubscribe at any time.
Success!
You have been subscribed.
Add Comment
Would you like to be notified when someone replies or adds a new comment?
Yes (All Threads)
Yes (This Thread Only)
No
Notifications
Would you like to be notified when we post a new Apple news article or tutorial?
Yes
No
Comments (5)
Comments are closed for this article.
0
Nick - May 19, 2010 at 5:39am
Uh.... what's better? $75M or $12B? ANSWER? WHO CARES? He's still guaranteed his family's financial security for 10 generations. I don't think it really matters
0
petemonsy - May 19, 2010 at 2:27am
say what you want, Steve Jobs doesn't care about money..... that's what makes him so dangerous...
0
lugster - May 19, 2010 at 12:39am
So what! Try to post more informative and useful news! And don't get greedy about money - sometimes I think that's anything todays world is all about!
0
DeadKid - May 18, 2010 at 4:27pm
I think he's got enough money :D
0
tarus - May 18, 2010 at 4:38pm
you beat me to it. he doesnt need 12 billion. he has enough money for him and 50 families
![Low-Cost MacBook Colors Were Originally Planned for M2 MacBook Air [Rumor]](/images/news/99984/99984/99984-160.jpg "Low-Cost MacBook Colors Were Originally Planned for M2 MacBook Air [Rumor]")
![Apple Seeds Xcode 26.3 RC 2 With Claude 4.6 Support [Download]](/images/news/99980/99980/99980-160.jpg "Apple Seeds Xcode 26.3 RC 2 With Claude 4.6 Support [Download]")
![Apple Watch Series 11 Now $299, 46mm Model Also at Record Low [Deal]](/images/news/99986/99986/99986-160.jpg "Apple Watch Series 11 Now $299, 46mm Model Also at Record Low [Deal]")
![Expired: Save $900 on Apple's 11-Inch M4 iPad Pro 2TB With Nano-Texture Glass [Deal]](/images/news/99982/99982/99982-160.jpg "Expired: Save $900 on Apple's 11-Inch M4 iPad Pro 2TB With Nano-Texture Glass [Deal]")
![11-Inch M5 iPad Pro Hits New All-Time Low at $799.91 [Deal]](/images/news/99962/99962/99962-160.jpg "11-Inch M5 iPad Pro Hits New All-Time Low at $799.91 [Deal]")
![11-inch M5 iPad Pro (1TB) Drops to All-Time Low of $1,449 [Deal]](/images/news/99924/99924/99924-160.jpg "11-inch M5 iPad Pro (1TB) Drops to All-Time Low of $1,449 [Deal]")
![Original AirTag Drops to All-Time Low Price of $17 [Deal]](/images/news/99856/99856/99856-160.jpg "Original AirTag Drops to All-Time Low Price of $17 [Deal]")
