How Steve Jobs Spent a Billionaire Life with $1 Pay per Year Only!
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November 12, 2011 • 
Apple’s Steve Jobs was a tech legend and also one of the richest men in the world (at No.105 when he died). But you would really wonder to know that our hero co-founder and former CEO of the world’s most valuable company “Apple” ….Steve Jobs’ used to pick annual salary of just $1. Yeah! You’re hearing quite right. Here are the details…..
CNN Money – a well known commerce website – just posted an article on in some of the highly prominent men of the tech world who make or made, in just $1 per annum salary. Steve Jobs, certainly, is included in their fame list.
It was an annual issues of Guinness World Records through which most of us came to know Steve Jobs’ was the Lowest Paid CEO for his yearly salary of just $1, though he was well compensated in the form of gifts like a $90 million Gulfstream V jet. Also his travel expenses reimbursed which totaled a massive $248,000 in 2010, as per the report.
CNN Money notes:
From 1997 until his death, Steve Jobs took home just $1 a year in salary, and most years he collected no bonus. Just $1.
That is, except for 2001, when the company came through with a whopper of an executive bonus: It spent $90 million to buy Jobs a Gulfstream V airplane. Since then, Apple had been reimbursing Jobs’ air travel expenses, which totalled $248,000 last year.
Now the matter is, how did Steve Jobs then handle to maintain his billionaire livings with just $1 per year pay?
When Steve Jobs was forced to leave Apple back in 1985, he was being paid heavily as the Head of Macintosh division. At that time he also sold around $14 million worth of Apple stock. So it seems that Jobs wisely invested that amount in various profitable projects from where he was getting enormous money.
Besides all of these interesting facts and figures, Jobs held $1.4 billion worth of Apple stock and $4.4 billion worth of Disney stock in 2010. Moreover, Disney’s investors receive 35 cents annual per each share, and Jobs also used to collect a huge amount of $48 million a year.
Our Tech hero Steve Jobs departed from our world on October 5th. His authorized biography Steve Jobs by Walter Isaacson globally released on on October 24th and is expected to be the top-selling book of the year as people still buying the book with same enthusiasm.
Via: Business Insider
