Steve Jobs Ranked as 42nd Richest American With Net Worth of $6.1 Billion
Forbes has released its annual list of the 400 richest Americans, and Apple CEO Steve Jobs checks in in 42nd place with a net worth of approximately $6.1 billion. Jobs gained $1 billion in net worth over last year's calculations, but moved up only one position in the rankings.
In January he unveiled Apple's iPad tablet amid a media frenzy; the device has so far beaten the hype with more than 3 million sold since April. In May Apple's market cap overtook Microsoft's to become the most valuable tech company in the world. Despite a super-publicized antenna problem, Apple's latest iPhone sold 1.7 million units 3 days after launch. Majority of fortune comes from Disney; as largest shareholder owns about $4.4 billion of stock. Reed College dropout founded Apple 1976.
Jobs' new net worth of $6.1 billion appears to be his highest to-date after a brief dip last year from highs of $5.7 billion in the 2007 and 2008 surveys.
Microsoft founder Bill Gates remains at the top of the list for the 17th consecutive year with a net worth of $54 billion, up $4 billion from last year but still below his recent high of $59 billion in 2007. The report also notes that Gates has poured $28 billion into charity, primarily through the Bill & Melinda Gates Foundation.
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Wow. Good for Bill and Melinda.
That's a lot of money to give away.
Yeah, I'd like to hear what charities Jobs supports... Probably the charity of his own wallet. ;)
I've just heard this, I'm not sure if it's true, but does Steve Jobs make $1 a year from Apple? I've hear that his salary is just a dollar and all his money comes from his investments in his company...Anyone know?
Steve's salary from Apple is indeed $1 per year. This is in the SEC filings. He also has a few shares of AAPL, plus some options.If you actually bothered to read the article, you would have learned that the bulk of his wealth comes from his shares of Walt Disney Corporation (proceeds from the sale of Pixar). Steve doesn't need to work. He could probably sit on a beach and rake in $30 million a year in DIS dividends. He doesn't even draw a stipend from being on the board of Disney. They actually had to change the by-laws on his request so he wouldn't get compensation as a non-executive Disney director.
Presumably, Steve has diversified some of his holdings so he isn't reliant on two companies. My guess is that he has some fancy money manager who has him invested in a number of other places, including tax-free munis, perhaps a managed account, and probably a bunch of nice ETFs.
I've just heard this, I'm not sure if it's true, but does Steve Jobs make $1 a year from Apple? I've hear that his salary is just a dollar and all his money comes from his investments in his company...Anyone know?
Yes. http://news.cnet.com/2100-1047_3-6049166.html
Yeah, I'd like to hear what charities Jobs supports... Probably the charity of his own wallet. ;)
I'm sure he does, but so what if he doesn't??? Anyway, how many billions has the government taken from him in the name of charity?
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