Former Apple’s CEO Steve Jobs is said to be the Best CEO of last 50/100 years and he was the man who build Apple empire on the bases of his visionary dreams and endless efforts. Though he was an iconic tech personality and was the hero of many young techies, yet he had many character flaws in his personality.It was his one of the character flaws or something else on the bases of which he committed his life’s worst mistake that cost him for $29,000,000,000. What that mistake actually was? Tim Parker of Investopedia just reviews the wholwe story.
He estimates that Steve Jobs might be $29,000,000,000 richer had he not made one worst mistake of his life.
Actually, Steve Jobs invested $1,500 only in starting Apple. When the stock went public on Dec 12, 1980, he became the owner of 7.5 million shares at that time. Since Apple has the policy of three two-for-one stock splits, Jobs would have had 78,909,091 shares of Apple, today.
At a $400 share price today, Steve Jobs would be worth about $31.6 billion if he held all of his initial shares versus an estimated $2.2 billion in Apple stock today (at $400 with 5.426 million shares of Apple). Of course, we all know that didn’t happen. When Jobs was ousted out of Apple in 1985 he sold all but one share so he could still get the annual report. It was not until he came back in 1997 that he was rewarded additional shares in Apple.
Parker further note that Jobs most of net worth comes from the sale of Pixar to Disney, today. At present, his net assets are estimated to have a worth of $6.5 billion to $7 billion that makes him world’s110th richest person.
Again saying, If Steve Jobs hadn’t sold any of his Apple shares in 1985 he would have worth $36 billion today, and smiling as a world’s fifth richest person on Forbes “Top Billionaire List”.
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