Steve Jobs: Net Worth
  1. Steve Jobs: Introduction
  2. Steve Jobs: Early Life and Education
  3. Steve Jobs: Success Story
  4. Steve Jobs: Net Worth
  5. Steve Jobs: Famous or Infamous
  6. Steve Jobs: Most Influential Quotes

Steve Jobs: Net Worth

At the time of his death in 2011, Steve Jobs' net worth was estimated at $10.2 billion. His estate was estimated to be worth roughly $19 billion in 2015.

From his early days at Apple, Jobs had been rich. He had a net worth of more than a million dollars by 1978, when he was 23 years old. That net worth had grown to $10 million by the next year and more than $250 million by the age of 25, according to many estimates.

His early fortune, based on the success of Apple personal computers, especially the Apple II, made him one of the youngest people ever on Forbes’ list of the richest people in the United States. What’s more, he was part of a very tiny group of people under 30 to make the list with no inherited money.

What’s even more impressive is that Jobs easily could have been far wealthier, just based on his ownership positions in Apple over the years. Jobs' held a 26% stake in Apple when the company completed its initial rounds of fundraising in 1977. That stake would be worth a staggering $162 billion today, more than the net worth of the two richest men in the world, Bill Gates and Carlos Slim, combined.

But Jobs sold a few shares along the way. By 1985, he owned an 11% stake in Apple, which would now be worth $69 billion. But in a fit of pique, Jobs sold most of his Apple shares when he was ousted from the company in 1985, for roughly $130 million. He did retain a single share, so that he could receive the company’s annual report in the mail. (For more, see: Steve Jobs And The Apple Story.)

When Jobs sold his NeXT Software company to Apple in 1997, he received 1.5 million Apple shares in return. But he ceremoniously sold all of them off to protest the appointment of Gil Amelio as CEO just a few months later. Over the course of Jobs’ run as interim CEO and then as CEO, the company’s stock price would increase more than a thousand-fold.

When he died, Jobs’ stake in the company he helped found and later returned to lead to dominance was worth about $2.1 billion, in the form of 5.5 million shares. The year of his death, Apple surpassed Exxon Mobil as the largest company in the U.S., with a market capitalization of roughly $355 billion, versus just $3 billion in 1997, at the outset of Jobs’ second reign.

Interestingly, more of Jobs’ the $10 billion net worth at the time of his death came from the Walt Disney Company than from Apple. In 1986, Jobs bought Lucasfilm's computer graphics division for $10 million, renaming it Pixar. After the studio released a string of iconic children’s movies, such as Toy Story, Monsters, Inc., Finding Nemo, The Incredibles and WALL-E, Disney acquired it for $7.4 billion in stock in 2006. The deal netted Jobs $4.3 billion in Disney stock and made him the company’s biggest single shareholder.

When Jobs died, his Disney shares were transferred to the Steven P. Jobs Trust, overseen by his widow, activist Laurene Powell Jobs. The trust has since grown to roughly $19 billion.

In addition to a yacht and a jet, Jobs owned a British country-style mansion in a quiet section of Palo Alto, California. He purchased it after marrying Powell in the mid-1990s. It was there that he died in 2011, with his family in attendance.

He also owned a sprawling 14,540-square-foot Spanish Colonial Revival mansion in Silicon Valley, which he purchased in 1984. After fighting local preservation groups for years for the right to rip the historic structure down, he finally began the process of demolishing the house shortly before his death.

The mansion, formerly known as the “Jackling House,” is now destroyed, though it remains to be seen whether Jobs’ widow will proceed with her dead husband’s plan for a new house, or simply sell the land.

Steve Jobs: Famous or Infamous

  1. Steve Jobs: Introduction
  2. Steve Jobs: Early Life and Education
  3. Steve Jobs: Success Story
  4. Steve Jobs: Net Worth
  5. Steve Jobs: Famous or Infamous
  6. Steve Jobs: Most Influential Quotes
RELATED TERMS
  1. Jobs Growth

    A component of the Employment Situation Summary, reported monthly ...
  2. Net Worth

    The amount by which assets exceed liabilities. Net worth is a ...
  3. Peter Lynch

    One of the most successful and well known investors of all time. ...
  4. Monster Employment Index

    An index created by information collected from job postings on ...
  5. Michael Eisner

    A former CEO of Walt Disney from 1984 to 2005. Michael Eisner ...
  6. Invisible Hand

    A term coined by economist Adam Smith in his 1776 book "An Inquiry ...
RELATED FAQS
  1. How can an investor profit from a fall in the price of bank stocks?

    Discover the main ways to take advantage of a fall in bank stocks. Shorting stocks and buying put options can let traders ... Read Answer >>
  2. How does Tim Cook's vision for Apple differ from that of the late Steve Jobs? (AAPL)

    Since Tim Cook took control of Apple in 2011, the company has taken a different approach to product releases, expansion and ... Read Answer >>
  3. How did Tim Cook become head of Apple?

    Learn about the experiences that landed Tim Cook the CEO position at one of the largest and most powerful technology companies ... Read Answer >>
  4. What companies will be hurt the most by Apple's latest product plans?

    Learn why companies such as GoPro, Samsung, Tesla and cable providers stand to lose market share to Apple's latest product ... Read Answer >>
  5. Is Apple Pay safe and free?

    Learn more about Apple Pay, one of Apple's newest and most metamorphic programs that is changing the way consumers purchase ... Read Answer >>
  6. How did Warren Buffett get started in business?

    Warren Buffett may have been born with business in his blood. He started saving while other children were at the playground, ... Read Answer >>
COMPANIES IN THIS ARTICLE
Trading Center