Steve Jobs Ranked 43rd on Forbes 400 List of Richest Americans
In its annual list of wealthiest Americans known as the Forbes 400, Forbes magazine has ranked Apple CEO Steve Jobs in 43rd place with a net worth of approximately $5.1 billion. Despite a decline in net worth of approximately $600 million, Jobs moved up from last year's 61st spot to claim his highest ranking yet, topping his 49th place showing in 2007.
The report notes as Jobs' best investment his purchase of Pixar from George Lucas in 1986 for $10 million. With Disney's acquisition of Pixar in 2006, Jobs became the largest individual Disney stockholder with a stake currently worth $3.9 billion.
Jobs' $5.1 billion net worth marks a significant turnaround from just six months ago, when Jobs checked in as the 178th wealthiest person in the world with an estimated net worth of only $3.4 billion. Since that time, Disney's stock price has risen nearly 90% while Apple's has more than doubled, generating significant gains for Jobs.
Jobs has famously received only a $1 annual salary from Apple for over a decade, although he has received stock options and other benefits from the company, including a private jet for which he receives financial compensation when used for company business.
Despite a decline of $7 billion from last year's survey, Microsoft chairman Bill Gates remains at the top of the list for the 16th consecutive year with a net worth of approximately $50 billion.
The report notes as Jobs' best investment his purchase of Pixar from George Lucas in 1986 for $10 million. With Disney's acquisition of Pixar in 2006, Jobs became the largest individual Disney stockholder with a stake currently worth $3.9 billion.
Jobs' $5.1 billion net worth marks a significant turnaround from just six months ago, when Jobs checked in as the 178th wealthiest person in the world with an estimated net worth of only $3.4 billion. Since that time, Disney's stock price has risen nearly 90% while Apple's has more than doubled, generating significant gains for Jobs.
Jobs has famously received only a $1 annual salary from Apple for over a decade, although he has received stock options and other benefits from the company, including a private jet for which he receives financial compensation when used for company business.
Despite a decline of $7 billion from last year's survey, Microsoft chairman Bill Gates remains at the top of the list for the 16th consecutive year with a net worth of approximately $50 billion.
Top Rated Comments
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31 months ago
50 billion huh? And yet his company still continues to turn out some of the crappiest software available. M$ is the McDonalds of the computer world, with one exception, their stuff ain't that cheap.
LanPhantom
LanPhantom
31 months ago
Apparently, there is a trade-off between financial wealth and OS usability. It's best SJ stays where he is. I'd rather not have him develop software like the one Rain Man Gates markets.
31 months ago
ONLY $3.4 Billion? How does that make an ONLY?
Still, now that the company is making enough money to have enough stock options to make certain people really well off, maybe us users will start to see better value for money?
Or am I just being silly?
Still, now that the company is making enough money to have enough stock options to make certain people really well off, maybe us users will start to see better value for money?
Or am I just being silly?
31 months ago
50 billion huh? And yet his company still continues to turn out some of the crappiest software available. M$ is the McDonalds of the computer world, with one exception, their stuff ain't that cheap.
LanPhantom
That made my day!
31 months ago
50 billion huh? And yet his company still continues to turn out some of the crappiest software available. M$ is the McDonalds of the computer world, with one exception, their stuff ain't that cheap.
Bill Gates is a nothing and never was. He and Microsoft have never actually designed or written a piece of software themselves. Even back in the original days they bought DOS from someone else, and have continued to buy out or steal software from other companies to this day. They sole claim to fame is being in the right place at the right time ... and we're still suffering the consequences of those bad decisions by managers who didn't have a clue. :(
31 months ago
Geez. It's crazy to think that 1,000,000 people could divide Bill Gates's net worth and live rather well for a full year. Or, that it would take the average American over 1,000,000 years to earn what Bill Gates has (and that's just earning, not saving. Most of what most people make gets spent).
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