Apple's Watch is designed to be both fashionable and functional.
Steve Jobs Ranked World's 110th Richest Person With Net Worth of $8.3 Billion
Forbes today released its annual list of the world's billionaires, ranking Apple CEO Steve Jobs in a tie for 110th place with a net worth of $8.3 billion. Jobs' net worth is up from $5.5 billion and 136th place in last year's rankings. Jobs' net worth also ranks 34th among billionaires in the United States.
In March the Apple founder made a surprise appearance at the unveiling of his iPad 2, after taking medical leave in January. Insanely creative Apple chief transforms a multibillion-dollar industry every few years. First, personal computers with Apple II, Macintosh; then film with Pixar; music (iTunes), mobile (iPhone). Now iPad is treated as messiah tablet, savior for publishing industry. Apple still sells computers, but twice as much revenue now comes from music distribution and hand-held devices. Shot past long-time rival Microsoft as world's most valuable tech company in May. Shares of Apple surged more than 80% over the last year. Still, the majority of Job's fortune comes from Disney; as largest shareholder he owns about $4.4 billion of stock. Reed College dropout founded Apple 1976.Mexican telecommunications tycoon Carlos Slim Helu holds the top spot for the second consecutive year with a net worth of $74 billion, easily outdistancing Microsoft founder Bill Gates and his $56 billion fortune. Despite strong growth in the fortunes of other billionaires, Gates' net worth has remained relatively stable over the past few years as he and his wife Melinda have siphoned off over $28 billion to support their foundation's philanthropic endeavors.