The legendary Apple cofounder revolutionised the computing and communication world. You remember him as a trailblazer, but do you know the Steve Jobs net worth?
When Apple hit the tech scene in the 1990s, not even its cofounder could foresee its meteoric rise to market dominance.
A trusted provider of computer hardware, software, smartphones and portable music players, the company represents a fierce market presence.
As such, stats reveal that the American conglomerate is the most valuable company in the United States.
Furthermore, its market cap of $753.9b makes it an indisputable revenue generator with a reputation for innovation.
In light of his fundamental contributions to the rise of Apple, let’s take a look at the man behind the legend.
Steve Jobs net worth: An apple a day for world domination
Jobs cultivated Apple in 1977 with cofounders Mike Markkula and Steve Wozniak.
Working from Jobs’ garage in Silicon Valley, the three were reportedly so broke that they had to sell personal possessions to get their fledgling company off the ground.
Nonetheless, investors quickly caught wind of the triad’s pioneering work.
Success followed Jobs and Apple after the company went public in 1981.
In 1983, the company reached the Fortune 500.
Jobs then recruited John Sculley, head of Pepsi-Cola at the time, to be his new CEO.
In a thoroughly convincing argument, he famously quipped:
“Do you want to spend the rest of your life selling sugared water, or do you want a chance to change the world?”
However, the Jobs-Sculley dynamic proved to be a fateful one for the tech whiz.
Poor sales from the release of the Macintosh a year later made their relationship tense.
At the time, staff further complained that Jobs was too hard on them, and too demanding.
Thus, Jobs experienced a very public ousting from Apple by Sculley in 1985.
Life after the firing squad
Not to be deterred, and to prove that his earlier achievements weren’t strokes of luck, Job created a new company called NeXT Computer.
Interestingly enough, he was later brought back into the fold after Apple bought out NeXT in 1996.
Thereafter, Jobs rose to the title of CEO, and helped build the company into what it is today.
In addition to his innovative spirit and dedication to disrupting the tech market, Jobs had an eye for investment.
A little known animation company called Pixar caught his attention in 1986. Run by George Lucas, it hosted ambitious animators that envisioned the growth of 3D animation.
Jobs bought Pixar for a well-spent $5m. When it released Toy Story in 1995, Jobs made it a publicly traded company.
From that move, he achieved billionaire status. Things only got more lucrative in 1996 when Disney acquired Pixar.
Tragically, Steve Jobs died from pancreatic cancer on October 5, 2011.
However, in the years after his death Jobs continues to inspire would-be entrepreneurs. His success was also made up of a few failures, but his ambitious spirit lifted him to the iconic and enduring status that it is today.
When he passed away Jobs had a whopping net worth of over roughly $10.2b.
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