Where Are All The Apple Billionaires?

Where Are All The Apple Billionaires?

Apple is a gigantic, profitable firm with practically $230 billion in income. The firm has a market capitalization of $879 billion. That’s virtually a trillion ! They are well-located in Silicon Valley, the place it is not arduous to throw a stone and hit a billionaire. Several individuals have change into billionaires at Facebook – Mark Zuckerberg, Eduardo Saverin, and Sean Parker most notably. Google has a number of billionaires of their ranks. So, we’ve got to ask, the place are the billionaires created by Apple?

Only one Apple worker has attained billionaire standing – Art Levinson. And even with Levinson, Apple inventory is simply 20% of his $1 billion internet price. The relaxation comes from Genetech, Inc., the place he was beforehand Chairman and CEO, in addition to an early guess on Google.

No different Apple worker even comes near being a billionaire. CEO Tim Cook has a internet price of $800 million. His wage is tied to Apple’s efficiency. He made $12.eight million final yr. By distinction, Facebook’s Sheryl Sandberg made $24.5 million.

Basically, the administration group at Apple is a cut price. The firm’s price of government compensation is the bottom of the group of firms whose CEOs fall into the 200 best-paid bosses.

Apple was getting ready to chapter in 1997. Since then, only a few billionaires have been minted on the Cupertino, California firm. This makes Apple completely different from different Silicon Valley corporations which have by no means confronted monetary hardship. Less inventory was given out at Apple on account of previous monetary stumbles.


The lack of billionaires at Apple is considerably of a mirrored image on the corporate’s historical past with Jobs. He had a 15% stake in Apple at its 1980 IPO. That holding can be price $132 billion at present. However, the late co-founder bought all however ONE SHARE of his then $100 million stake when he was fired from Apple in 1985. When he returned greater than a decade later, he needed to rebuild his holdings from scratch. Jobs’ widow, Laurene Powell Jobs, inherited all of Jobs’ varied holdings and has a internet price of $19 billion, making her the wealthiest Apple ‘particular person,’ although she had by no means labored there.

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Apple co-founder Steve Wozniak had a 7.9% stake in 1980, however he bought these off and gifted them over time. It just isn’t identified how a lot Apple inventory he nonetheless owns. It is lower than 5% although, as a result of if he had greater than that, the corporate can be required to make it public report. Surely Wozniack’s holdings are price hundreds of thousands, not billions.

Facebook has minted new billionaires like WhatsApp’s Jan Koum via acquisitions. Apple, not a lot. The firm has been very selective about its acquisitions. The largest deal in firm historical past was in 2014 when Apple paid $three billion for Beats. That made Dr. Dre and Jimmy Iovine lots of of hundreds of thousands of richer. However, when Facebook purchased WhatsApp throughout that very same yr, it made co-founders Jan Koum and Brian Acton instantaneous billionaires.

It is not out of the realm of chance that there are unknown billionaires in Apple’s ranks. Having only a zero.11% stake within the firm is sufficient to make somebody a billionaire. So, long-time staff like Jony Ive, Apple’s Chief Design Officer, who has been with the corporate for greater than 20 years may have sufficient stake within the firm to be a billionaire.

One factor is for certain, Apple is an outlier in terms of profitable tech corporations. Others are minting many extra billionaires a lot sooner than Apple.

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