What was Steve Jobs’ Net Worth?
|Net Worth:||$10.2 billion at the time of his death|
|Income Sources:||Apple, NeXT, investments in Pixar and Gap Inc., shares in Disney|
|Age/Date of Birth:||February 24, 1955 – October 5, 2011|
|Height:||In feet: 6 ft 2 in
In centimeters: 188 cm
Steve Jobs was the co-founder of Apple, one of the leading platforms for mobile devices and computers. Though he died in 2011, his legacy is still flying high. He has been recognized greatly for his contributions to the revolution of the personal computer.
Jobs was the chair and CEO of Apple computers before he died. At the time of his death, Steve Jobs’ net worth was $10.2 billion. Here is more about his worth and what he would be worth if he were still alive.
Steve Jobs’ Early Life and Beginnings
Steve Jobs story is such one can never get tired of telling. He was born in 1955 in San Francisco, California, to a Syrian immigrant father and a mother who was half Syrian and half Swiss-German.
Even as his father came from a very wealthy family and his mother was also from a family that wasn’t doing bad, he was given up for adoption after birth. This was because he was born out of wedlock and his maternal grandfather who was a devoted Catholic strongly rejected his father from marrying his mother because he was a Muslim. What was even more complex was that at the time, both Steve’s father, Abdulfattah Jandali, and his mother, Joanne Schieble, were still very young.
After he was given up for adoption, Paul Reinhold Jobs and his wife, Clara, decided to adopt him as their own and they named him Steven Paul Jobs. The family also adopted Patricia Jobs who grew up as Steve’s younger sister. He had another sister, Mona Simpson who is a writer and English professor. Mona Simpson is his biological sister, even though it was until she turned 25 that she got to meet him.
He only met his father a few times and at the time, neither knew of any relationship. After both got to know each other, they didn’t meet or contact each other, except for a couple of short emails that were exchanged.
Details of His Net Worth and How He Made His Money
Amazingly, Jobs was one of those billionaires that dropped out of college, in his case the Reed College in the ’70s. With his passion for computers and software, he created the Macintosh back in 1976.
In 1986, Jobs bought the Pixar computer animation studio, which saw him possess 7.4% of the stake that was worth $4.4 billion. In 2006, Walt Disney bought the computer animation studio from Jobs. The company then placed Steve Jobs as a part of the Board of Directors. During his time, Steve was the only single largest shareholder in the Walt Disney company. Disney is the parent company of the popular ABC News. As a part of the board of directors of Disney, Jobs was being paid a minimum of $242 million a year.
One thing that made Jobs one of the most influential people in the world was the creation of Apple. It is the largest software company in the US and is among the few top companies around the world. He owned Apple shares that were worth $5.5 million. Since he took over as the CEO of Apple, Jobs steered the redevelopment of iTunes, iMac, iPhone, iPod, iPad, as well as the Apple Retail Stores. He also steered for the establishment of the App Store and the iTunes store. These are applications that made media management easier for the user.
Also, his top priority and point of focus at Apple were to have a reliable user experience which made him win more clients across the world. In 2011, Apple was named the most valuable publicly traded company in the world. One funny thing is that Jobs got most of his wealth from Disney, and not his founded company, Apple.
Meet His Family Life: Wife and Children
Chris Anne Brennan and Their Daughter, Lisa Brennan-Jobs
Jobs (aged 23) had a daughter (named Lisa Brennan-Jobs) before he officially got married. Lisa was birthed to him in 1978 by his childhood sweetheart – Chris Anne Brennan (aged 23), a painter. After the birth of Lisa, Steve denied that he was her father, because according to him (with sworn evidence in court), he was sterile. This was however later proven false after a DNA test confirmed that he was indeed the father of Lisa.
With this revelation, Jobs and Lisa who was already turning a teenager grew to develop a very strong bond that even had Lisa move in to be with Steve and his other family in California. It was in fact, after her that the first Apple Computer, “Lisa” was named; though the company denied this at first. Jobs later admitted this when speaking with biographer Walter Isaacson. In his words “Obviously, it was named for my daughter.”
Lisa, like her late dad’s sister (Mona), is famous for her literary prowess. She works as a writer cum journalist and has publications in magazines like Vanity Fair, Vogue, O The Oprah Magazine, The L.A. Times, OpEd, and The Harvard Advocate. In 2018, she detailed the childhood experiences she had with her late father in the memoir Small Fry. She has also been portrayed in various media productions relating to the Jobs family. They include a biography of her late father by Walter Isaacson, biopic films like Pirates of Silicone Valley (1999), Jobs (2013), Steve Jobs (2013), and others.
Recent reports have it that she is now married to a man named Bill with whom she parents their son and two stepdaughters.
Laurene Powell and Their Three Children
Back in 1989, Steve Jobs was at Stanford delivering a lecture, that was where he met a woman who was then a student and would in a couple of years become his wife; Laurene Powell. They got married in 1991 and remained together until the Apple co-founder died in 2011.
Laurene in her own right is an accomplished businesswoman and many other things. She is the CEO and founder of Emerson Collective, an organization that supports social entrepreneurs, and also partners with other organizations with core interest in educational reforms, environmental conservation, social justice, immigration, media and journalism, grants, and investments. She also sits on the board of directors of many non-profit organizations some of which include New Schools Venture Fund, KQED, New America Foundation, etc.
Before Steve’s death, the couple had three children: Reed Jobs who was born in September 1991; Erin Siena Jobs, born in August 1995; and Eve Jobs who was born in May 1998.
Some of Jobs’s children are trying to live a quiet life that won’t draw media and public attention; and its understandable why. The eldest of the trio – Reed is a graduate of oncology from Stanford University and now works in Emerson Health; a subsidiary of his family’s Emerson Collective as a cancer researcher. Apparently, his choice of career was greatly influenced by his father’s illness which he witnessed as a teen.
Unlike her elder brother and younger sister, not much is known about Erin Sienna Jobs. Erin who is somewhat introverted is reportedly good in architecture and design; something she probably inherited from her father.
Her younger sister – Eve Jobs – on the other hand, is a lot bubbly. She is a Standford University student and also an equestrian who has competed in many national and international events. Her mum was reported to have bought her a ranch in Wellington, Florida (worth about $15 million) which has a capacity to accommodate as much as 20 horses. The young equestrian who is passionate about horse sports is dating a like mind. The Latin Times reported she’s in a relationship with Mexican showjumper and University of Miami business student named Eugenio Garza Perez. We are keeping a close watch on the duo to see what their relationship grows into.
Inside Look at Steve Jobs’ Inventions
It has been noted that from a young age, Jobs had a strong knack for creating things, most especially what had to do with electronics. It, therefore, didn’t come as a surprise when he grew to become one of the greatest inventors ever.
Among inventions that have been credited to Jobs is the iPad which was one of his last inventions before he died. However, it has been said that he was involved in Apple’s “Next Product” even a day before he died. The name of the next product was not revealed.
Other things that he created in his 56 years of existence include iPhone 4, iPod Shuffle, Magic Mouse, iPhone OS (iOS), Power Adapter, iPod GUI, iPod, and iMac G4. All these were created at the turn of the millennium, between 2000 and 2011. To his credit are also things like USB Mouse, PowerMac G3, iMac G3, and Apple III which all began even before the 1980s. Below is the story behind jobs several creations.
The iPod in 2001 opened a whole new era for Apple as a device manufacturer marking a deviation from Apple’s traditional image as a computer manufacturing company. It was smaller than other similar gadgets at that time but yet had more technical capabilities than others. For example, the most basic of all offered a 5GB storage space, a small LCD display, and a 10 hours battery life. For the next 12 years, 5 improved versions of the iPod were introduced before its production was finally discontinued on September 9, 2014.
iMac G4 (2002)
Steve Jobs decided to redesign and ultimately reinvent the iMac computer alongside iPod (2001), and the iPad (2010). According to him, these gadgets were stagnant and useless at the time. The iMac G4 replaced the iMac G3 and at the time, it was Apple’s biggest improvement in the desktop market. It featured a flat-panel LCD that came in a 17 or 20 inches screen, had tray-loading DVD+CD drive, and many other features.
iPod Shuffle (2005)
The iPod Shuffle is a screenless line of digital audio players which Apple discontinued its production in 2017. It was first introduced on January 11, 2005, at the Macworld Conference & Expo. While it was in production, Apple introduced about 4 generations of the device with each proving to perform better than its predecessors. The iPod Shuffle was finally discontinued on July 27, 2017, after 12 years and 6 months in existence.
Magic Mouse (2009)
As an improvement from its predecessor – the Mighty Mouse, Apple’s Magic Mouse can do a lot more, all thanks to Steve Jobs who insisted that a single button mouse in a circular design with gesture and swiping features will be a lot more efficient than a traditional mouse. With this idea, Apple’s Magic Mouse was invented in 2009 and has all the features that truly make it magical. As a wireless device, it runs on 2AA battery and connects to the desktop via Bluetooth. Today, Apple’s mice no longer have buttons.
iPhone OS (iOS) 2007
IOS is Apple’s proprietary operating system that powers the company’s mobile devices. It was first released on June 29, 2007, and several updates have followed since then with each new one performing better than the previous.
Power Adapter (2009)
Aside from coming up with ideas about gadgets that will revolutionize how humans interact with technology on a daily basis, Steve also paid good attention to how these gadgets will be powered and how this power will be made available to them. Steve Jobs, therefore, decided to redesign Apple’s power adapters to look simpler, easy to carry about, and yet perform their jobs efficiently.
Another unique feature Apple products with screens boast of is their unique graphic user interface which no matter how basic it might look (like that of Apple’s iPod), it was carefully designed to enable users effortlessly to navigate through them.
iPhone 4 (2010)
The iPhone launched Apple as a pacesetter in the mobile/portable computing age. The company began working on its first iPhone in 2005 and about 2.5 years later (June 2007), the iPhone was introduced into the market. It integrated various improved features of mobile devices like a camera, MP3 player, GPS navigator, Bluetooth, radio, etc into one device. The success of the first iPhone led to the research and developments of several improved models notably the iPhone 3G, iPhone 3GS, and iPhone 4.
While introducing the iPhone 4 on June 7, 2010, at Apple’s Worldwide Developers Conference in San Francisco, Mr. Jobs noted it had over 100 new features from its predecessors. According to him, “iPhone 4 is the biggest leap since the original iPhone.”
The Meek, But Influential Steve
In his entire lifetime, Steve Jobs has always been secretive about his personal life. Also, at Apple, he maintained confidentiality with the employees. Despite his low profile, Jobs was highly respected around the world. With his contributions to the personal computer revolution, Jobs earned some unique titles. He was called the Legendary, a Visionary, Futurist, Master of Innovation, Design Perfectionist, Master Evangelist of the Digital Age, and the Father of the Digital Revolution.
Diagnosis and Death
He was diagnosed with a Neuroendocrine tumour of the pancreas. It was treated but Jobs still went through a liver transplant later in 2009. His health declined gradually, and he stepped down as the CEO of Apple. On the 5th of October 2011, he died of a cardiac arrest that was linked to the ailment. This marked the end of a very influential person who has been a great source of inspiration for young and upcoming entrepreneurs.
The Legacy Continues
Even after Jobs’ death, Apple has made a tremendous performance on the market. This has boosted the overall net worth of the company. He has inspired many other technology firms, and many CEO’s have emulated Steve Jobs’ strategies. As of now, it is estimated that Jobs would be worth over $100 billion if he were alive today.
In Memory of the legend
In early October 2015, Universal Pictures released a biopic titled Steve Jobs. The biopic is directed by the great Danny Boyle. It stars Michael Fassbender, who plays Steve Jobs. The movie talks about the life of Steve Jobs and how he rose to become one of the most influential people who ever lived.
|Estimated Net Worth:||$10.2 billion at the time of his death|
|Source of Wealth:||Apple, NeXT, investments in Pixar and Gap Inc., shares in Disney|
|Also Known As:||Steve|
|Profession:||Business magnate, industrial designer, investor, and media proprietor|
|Famous For:||Pioneer of the personal computer revolution with Steve Wozniak
Co-creator of the Macintosh, iPod, iPhone, iPad, and first Apple Stores
|Colleges/Universities Attended:||Reed College|
|Educational Qualifications:||Dropped out|
|Birthday & Zodiac
|Age/Date of Birth:||February 24, 1955 – October 5, 2011|
|Birth Place:||San Francisco, California, United States
|Ethnicity/Race:||Multi-racial (Syrian, German and Swiss-German)|
|Country of Residence: ||USA|
|Height:||In feet: 6 ft 2 in
In centimeters: 188 cm
|Weight:||In kilograms: 70 kg
In pounds: 154 lbs
|Eye Colour:||Dark Brown
|Hair Color:||Dark Brown (Natural)|
|Other Body Measurements:||Not available|
|Spouse/Partner:||Laurene Powell (m. 1991)|
|Family and Relatives
|Children:||Reed (born September 1991), , Erin (born in August 1995), and Eve (born in 1998)|
|Siblings:||Mona Simpson (Sister), Patricia Ann Jobs (Stepsister)|
|Other Relatives:||Paul Jobs (Adoptive Father), Clara Hagopian (Adoptive Mother), Arthur Casper Anthony Schieble (Maternal Grandfather), Irene Thekla Ziegler (Maternal Grandmother)|
Common Related Questions
According to reports, the majority of Jobs’ fortune was left to his wife, Laurene Powell Jobs. She inherited the Steven P. Jobs Trust, which as of May 2013, had a stake of 7.3% in The Walt Disney Company worth approximately $11.1 billion as well as 38.5 million shares of Apple Inc.
While Bill Gates has an estimated net worth of $102 billion, Steve Jobs' net worth was estimated to be $10.2 billion at the time of his death. It is believed that the tech guru would have been worth more than $200 billion if he were still alive today.
The CEO of Apple, Steve Jobs died at the age of 56 on the 5th of October, 2011 as a result of complications from a relapse of his formerly treated islet-cell neuroendocrine pancreatic cancer.
As a result of his failing health, Steve Jobs resigned his position as Apple CEO on August 24, 2011, and became chairman of the board, naming Tim Cook his successor as CEO. Cook eventually took over that role after the death of Jobs.
The late Apple CEO had an IQ of 160.
Steve Jobs was buried in an unmarked grave in Alta Mesa Memorial Park, Palo Alto, California, United States