Steve Jobs was a fascinating figure who elicited strong feelings in viewers. Apple co-founder Steve Jobs was known for being brusque and even cheap at times. All of this added up to a $7 billion net worth for him in September of 2011; you might be shocked (via Forbes).
According to additional information, his death-bed net worth was $10.2 billion as of October 2011 (according to the sources cited above) (via Ladders). Disparities in the numbers could be the result of a faulty calculation or a misunderstanding of the specific assets that were assigned to Jobs at the time. No matter how you slice it, it’s a significant sum of money. However, there’s more to this tale.
He didn’t donate to charity for moral, ethical, or even tax-advantaged reasons like most other billionaires. There are numerous examples of his lack of involvement with charitable organizations, such as The Giving Pledge (via The New York Times).
When Lisa Brennan-Jobs was a child, her father, who was one of the wealthiest persons in the country, denied paternity and refused to pay alimony (via Celeb Answers). His hatred for charitable work was first communicated when he said to her, “What matters in life is just what you accomplish with your hand” (via India Today).
However, it may be claimed that one can’t attain billions of dollars with just one’s own hands.
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On February 24, 1955, Steven Paul Jobs was born in San Francisco, California. Abdulfattah Jandali and Joanne Schieble were his natural parents. Paul and Clara Jobs took him up after his birth mother’s death. Clara Hagopian was Paul Reinhold Jobs’ wife when he left the Coast Guard in 1946 and married her. Clara was born in San Francisco to Armenian immigrants, and she grew up in the city. As a “repo man,” Paul was responsible for repairing cars. Because of Clara’s ectopic pregnancy, the couple has been contemplating adoption.
Patricia was adopted by Paul and Clara in 1957. It was in 1959 when the family relocated to California’s Mountain View. To pass on his passion for mechanics to his son, Paul constructed a workbench in the garage. By the time he was 10 years old, Jobs had developed a strong interest in engineering and became friends with several of the local engineers.
Students like Jobs have difficulty learning in a typical school setting. Because of his persistent defiance of authority people and a history of bad behavior, he was repeatedly expelled from school. When he was a kid, he had a hard time making friends. He was so good in school that he was able to bypass the fifth grade. For sixth grade, he moved to Crittenden Middle School in Mountain View.
At the time of his initiation into middle school, Jobs described himself as a “loner” because of the bullying he endured. He threatened to drop out of school if his parents didn’t let him switch schools by the middle of the seventh grade since he was sick of the bullying. In 1967, Steve’s parents spent all of their savings to buy a new house so that he could attend a different school.
In comparison to the Cupertino School District, the new Jobs home was in a far superior location. Hewlett-Bill Packard’s Hewlett hired Steve Jobs as a summer intern in 1968 when he was just 13 years old and cold-called him to inquire about parts for an electronics project he was working on. In 1968, Jobs began his high school career at Homestead High.
He was introduced to Steve Wozniak by Bill Fernandez. Jobs was interested in both technology and literature while he was in high school. Wozniak and Chrisann Brennan, a junior, were his two closest pals in high school.
Jobs made many weekly trips to see Wozniak while he was studying at the neighboring University of California, Berkeley in 1971. While he was in high school, Jobs was taking college freshman level English classes at Stanford University.
This was around the time Woz created the “blue box,” an affordable digital device that made sounds that could manipulate the phone network to allow users to make free long-distance calls. It was determined that Jobs would advertise the products and split the profits with Wozniak. As a result, Steve Jobs concluded that a profession in electronics might be both financially rewarding and incredibly enjoyable.
Jobs began his college career in Portland, Oregon, at Reed College in the fall of 1972. Despite the steep expense, he only applied to this one school. He didn’t notify his parents that he was dropping out of Reed after just one semester. In his eyes, education was a waste of money, and he didn’t want his parents to foot the bill.
Aside from sleeping on the floor of his friends’ dorm rooms and recycling Coke bottles for money to pay for food, Jobs ate free meals at the nearby Hare Krishna temple and attended lectures.
Laurene Powell and Steve Jobs married in 1991. During her time at Stanford University as a graduate student, they became friends. As a result, they’ve been together for quite some time. The guest talk had been arranged for him.
Founded the Emerson Collective, a non-profit organization that supports a range of causes and advocates on their behalf. Apple co-founder Steve Jobs fathered four children, one of them was Lisa Brennan-Jobs, a novelist whose mother was painter and author Chrisann Brennan. Mona Simpson, Steve’s sister, is an award-winning novelist.
Is Apple-owned by the Jobs clan?
His whole estate would be left to his wife, Laurene Powell Jobs if he died of pancreatic cancer complications (stepmother of Lisa Brennan-Jobs).
According to Forbes, Powell Jobs inherited his father’s wealth, which included 5.5 million shares of Apple stock and a 7.3% stake in The Walt Disney Company.
If Steve Jobs were still living, it is widely expected that he would have given away and spent very little of his wealth. Many individuals don’t understand that Jobs earned more money from Disney, notably Pixar, each year than he did from Apple (via Ladders). If we assume that Jobs started with $10 billion and had $2 billion from Apple and $8-ish billion from Disney, he’d have a dragon’s worth of gold today, according to some estimates.
“It all adds up to a net value of $45 billion if Steve Jobs were alive today and still owned all of Apple and Disney’s stock. He would receive dividend payments of $402 million per year “according to Brian Warner, the man behind Celebrity Net Worth. Even more astounding is the fact that Jeff Bezos would have faced some serious competition had things gone a little differently.
Warner thinks that: “Let’s imagine for a second if Steve never sold any of his original 20 percent stake in Apple. Assume he never left to head Pixar and sell it for billions of dollars, too. When the firm was valued at $2 trillion, he would have been worth more than $400 billion if he had held onto his 20% ownership. Consequently, he would be the richest person in modern history by a ratio of TWO.”