Steve Jobs' wealth shrinks; Mac online share grows

***AppleInsider*** · 10-01-2009, 09:20 PM

Apple co-founder Steve Jobs is revealed to be the No. 43 wealthiest American with a net worth of $5.1 billion; and since the launch of Snow Leopard, the share of Mac OS X machines online has grown 5 percent.

Jobs in top 50 on Forbes list

Forbes this week released its annual list of the 400 wealthiest people in America. Coming in at No. 43 was Apple co-founder Steve Jobs, who lost an estimated $600 million from last year's worth. Still, it's been a good year for Jobs, as his company's stock value has more than doubled since its low in January of this year.

Calling him the "cultish king of the iGeeks," the report noted that Jobs took a leave of absence early this year for health reasons, but made a triumphant return to his company this summer.

The 54-year-old famously takes a salary of only $1 for his work at Apple, but receives millions in compensation in the form of stock options.

The report said that the CEO's best investment was purchasing Pixar from George Lucas in 1986 for $10 million. He sold the company to Disney in 2006 for $7.4 billion in stock.

Snow Leopard launch sees Mac adoption

Since its debut one month ago, Snow Leopard has seen adoption by nearly one in five Mac users on the Web, data from Net Applications released Thursday shows. The survey is compiled from browser data of about 160 million visits to Web sites from all over the globe.

But as noted by Fortune Brainstorm Tech, during the same frame, total Mac share online grew 5 percent in September to 5.12 percent, up from 4.87 percent worldwide in August.

Whether Snow Leopard is specifically driving Mac adoption is not known but, given the timing, is likely a major factor. The study found that 18.45 percent of Mac users have upgraded to Snow Leopard since its Aug. 28 release.

Last month, NPD Market Research revealed that Mac OS X 10.6 sold twice as well as Leopard and four times better than Tiger, Snow Leopard's two predecessors. Specific sales figures were not released in the study. However, analyst Gene Munster with Piper Jaffray predicted that Apple would sell 5 million copies of the operating system during the September launch window.

[ View this article at AppleInsider.com ]

801 · 10-01-2009, 09:54 PM

A 600 million here, 600 million there.
It can really ad up after a while.

doyourownthing · 10-01-2009, 10:16 PM

I'm in love with snow leopard
I love it even more than I did leopard

iCarbon · 10-01-2009, 10:16 PM

I know... I seriously feel for Steve on this one.

physics · 10-01-2009, 10:44 PM

Yeah, but somehow I don't think that he's going to be scrounging for food at the local Hare Krishna temple any time soon.

Retrogusto · 10-01-2009, 11:26 PM

Wow, his total net worth is a few bil less than the value of the Pixar deal, so since then he lost that much *plus* the entire value of his other holdings (Apple, real estate and black turtlenecks combined)?

dblanch369 · 10-01-2009, 11:29 PM

The 5.12% is for the whole planet, Statcounters has similar numbers worldwide, but shows OSX marketshare in the US to be about 11-11.5% lately

frugality · 10-02-2009, 01:03 AM

It's strange that reporters are interested in Jobs' loss of wealth. I'm sure he's not all that concerned about it. Jobs is more aware than most of us how life may be taken away at any moment. As they say, "You never see a Brinks truck at the end of a funeral procession."

I wonder if he'll decide to step back down at some point and become a philanthropist like Bill and Melinda Gates.

8CoreWhore · 10-02-2009, 01:40 AM

Maybe we can take up a collection...

Pooch · 10-02-2009, 02:29 AM

i've moved up a couple rungs this year as well. you'll see, just as soon as forbes releases its annual list of the 250 million wealthiest people in america.

DavidW · 10-02-2009, 02:48 AM

Quote:

Originally Posted by Retrogusto

Wow, his total net worth is a few bil less than the value of the Pixar deal, so since then he lost that much *plus* the entire value of his other holdings (Apple, real estate and black turtlenecks combined)?

I'm sure he had to pay at least a couple of billion dollars in taxes on the 7.4 billion dollars in got in DIS stocks.

irnchriz · 10-02-2009, 04:13 AM

Appleinsider make Steve Jobs 43rd position sound like a bad thing!

Steve jobs has now attained his highest ever position on Forbes 400 list his previous highest being 49th position back in 2007. Last year he was only 61st position.

Jobs' $5.1 billion net worth marks a significant turnaround from just six months ago, when Jobs checked in as the 178th wealthiest person in the world with an estimated net worth of only $3.4 billion. Since that time, Disney's stock price has risen nearly 90% while Apple's has more than doubled, generating significant gains for Jobs.

irnchriz · 10-02-2009, 04:15 AM

Quote:

Originally Posted by Retrogusto

Wow, his total net worth is a few bil less than the value of the Pixar deal, so since then he lost that much *plus* the entire value of his other holdings (Apple, real estate and black turtlenecks combined)?

The report notes as Jobs' best investment his purchase of Pixar from George Lucas in 1986 for $10 million. With Disney's acquisition of Pixar in 2006, Jobs became the largest individual Disney stockholder with a stake currently worth $3.9 billion.

CU10 · 10-02-2009, 08:49 AM

Quote:

Originally Posted by Pooch

i've moved up a couple rungs this year as well. you'll see, just as soon as forbes releases its annual list of the 250 million wealthiest people in america.

ps. share the wealth Steve! (grin)

JupiterOne · 10-02-2009, 09:06 AM

One expensive liver.

teckstud · 10-02-2009, 09:19 AM

What- no mention of Bill Gates' position on the list?

Thomaspin · 10-02-2009, 09:56 AM

It would be interesting to know his position were those who chose their parents well (i.e. inherited their wealth like all those Duponts and Waltons) removed from the list. From what I know of his bio, he made every cent he has. Maybe an enlightened Forbes reader could do the math?

diskimage · 10-02-2009, 11:50 AM

Quote:

Originally Posted by AppleInsider

The report said that the CEO's best investment was purchasing Pixar from George Lucas in 1986 for $10 million. He sold the company to Disney in 2006 for $7.4 billion in stock.

[ View this article at AppleInsider.com ]

Wow I wish I could get a return of 740 times on my investments over 20 year.

Gm7Cadd9 · 10-02-2009, 12:32 PM

I still don't see where it says his wealth "shrinks"

Xian Zhu Xuande · 10-02-2009, 01:48 PM

Quote:

Originally Posted by irnchriz

Appleinsider make Steve Jobs 43rd position sound like a bad thing!

Steve jobs has now attained his highest ever position on Forbes 400 list his previous highest being 49th position back in 2007. Last year he was only 61st position.

Jobs' $5.1 billion net worth marks a significant turnaround from just six months ago, when Jobs checked in as the 178th wealthiest person in the world with an estimated net worth of only $3.4 billion. Since that time, Disney's stock price has risen nearly 90% while Apple's has more than doubled, generating significant gains for Jobs.

Quoted for value.

Dr Millmoss · 10-02-2009, 02:55 PM

Quote:

Originally Posted by Gm7Cadd9

I still don't see where it says his wealth "shrinks"

Niether do I, and we should always keep in mind that these "personal wealth" figures only reflect holdings which they have to disclose publicly under SEC regulations, which in the case of CEOs is generally only going to be the company they work for, or where they serve on the board of directors. I also don't believe it includes the potential value of options they may hold.

elroth · 10-02-2009, 03:30 PM

Quote:

Originally Posted by physics

Yeah, but somehow I don't think that he's going to be scrounging for food at the local Hare Krishna temple any time soon.

You mean like he used to do, as a Reed College dropout here in Portland?

elroth · 10-02-2009, 03:35 PM

Quote:

Originally Posted by Thomaspin

From what I know of his bio, he made every cent he has. Maybe an enlightened Forbes reader could do the math?

Yes, his parents had a hard time coming up with the money to send him to college. After one year, he dropped out (but still audited classes), to save his parents the money.

Theo Maschas · 10-02-2009, 06:29 PM

Wow, a 2.3 BILLION dollar shrinkage in 2 years & they have the iGaul to say he had a good year? That's some Reality Distortion Field© !

Craig Oates · 10-28-2009, 03:22 AM

Quote:

Originally Posted by Theo Maschas

Wow, a 2.3 BILLION dollar shrinkage in 2 years & they have the iGaul to say he had a good year? That's some Reality Distortion Field© !

You are not Theo Maschas, you are impersonating Theo Maschas. Theo Maschas would have never said this. Ony Craig Oates would say this kind of crap.

10-01-2009, 09:20 PM	#1
*AppleInsider* Kasper's Automated Slave Join Date: Nov 1997 Posts: 6,151	Steve Jobs' wealth shrinks; Mac online share grows Apple co-founder Steve Jobs is revealed to be the No. 43 wealthiest American with a net worth of $5.1 billion; and since the launch of Snow Leopard, the share of Mac OS X machines online has grown 5 percent. Jobs in top 50 on Forbes list Forbes this week released its annual list of the 400 wealthiest people in America. Coming in at No. 43 was Apple co-founder Steve Jobs, who lost an estimated $600 million from last year's worth. Still, it's been a good year for Jobs, as his company's stock value has more than doubled since its low in January of this year. Calling him the "cultish king of the iGeeks," the report noted that Jobs took a leave of absence early this year for health reasons, but made a triumphant return to his company this summer. The 54-year-old famously takes a salary of only $1 for his work at Apple, but receives millions in compensation in the form of stock options. The report said that the CEO's best investment was purchasing Pixar from George Lucas in 1986 for $10 million. He sold the company to Disney in 2006 for $7.4 billion in stock. Snow Leopard launch sees Mac adoption Since its debut one month ago, Snow Leopard has seen adoption by nearly one in five Mac users on the Web, data from Net Applications released Thursday shows. The survey is compiled from browser data of about 160 million visits to Web sites from all over the globe. But as noted by Fortune Brainstorm Tech, during the same frame, total Mac share online grew 5 percent in September to 5.12 percent, up from 4.87 percent worldwide in August. Whether Snow Leopard is specifically driving Mac adoption is not known but, given the timing, is likely a major factor. The study found that 18.45 percent of Mac users have upgraded to Snow Leopard since its Aug. 28 release. Last month, NPD Market Research revealed that Mac OS X 10.6 sold twice as well as Leopard and four times better than Tiger, Snow Leopard's two predecessors. Specific sales figures were not released in the study. However, analyst Gene Munster with Piper Jaffray predicted that Apple would sell 5 million copies of the operating system during the September launch window. [ View this article at AppleInsider.com ]

10-01-2009, 11:29 PM	#7
dblanch369 Registered User Join Date: Dec 2008 Posts: 11	World vs US market share The 5.12% is for the whole planet, Statcounters has similar numbers worldwide, but shows OSX marketshare in the US to be about 11-11.5% lately Last edited by dblanch369; 10-01-2009 at 11:37 PM..

10-02-2009, 02:29 AM	#10
Pooch Registered User Join Date: Aug 2008 Location: 37.780756, -122.406943 Posts: 45	me, too i've moved up a couple rungs this year as well. you'll see, just as soon as forbes releases its annual list of the 250 million wealthiest people in america.

10-02-2009, 09:19 AM	#16
teckstud Registered User Join Date: Oct 2007 Posts: 6,115	What- no mention of Bill Gates' position on the list? Once you go Mac, you never go back! Last edited by teckstud; 10-02-2009 at 10:01 AM..

10-02-2009, 09:56 AM	#17
Thomaspin Registered User Join Date: May 2006 Posts: 27	Self made net worth It would be interesting to know his position were those who chose their parents well (i.e. inherited their wealth like all those Duponts and Waltons) removed from the list. From what I know of his bio, he made every cent he has. Maybe an enlightened Forbes reader could do the math?

10-01-2009, 09:54 PM	#2
801 Registered User Join Date: Aug 2006 Posts: 71	A 600 million here, 600 million there. It can really ad up after a while.

10-01-2009, 10:16 PM	#3
doyourownthing Registered User Join Date: Jun 2009 Posts: 142	I'm in love with snow leopard I love it even more than I did leopard

10-01-2009, 10:16 PM	#4
iCarbon Registered User Join Date: Aug 2007 Posts: 104	I know... I seriously feel for Steve on this one.

10-01-2009, 10:44 PM	#5
physics Registered User Join Date: Mar 2009 Location: Berkeley, CA Posts: 19	Yeah, but somehow I don't think that he's going to be scrounging for food at the local Hare Krishna temple any time soon.

10-01-2009, 11:26 PM	#6
Retrogusto Registered User Join Date: Sep 2008 Posts: 20	Wow, his total net worth is a few bil less than the value of the Pixar deal, so since then he lost that much plus the entire value of his other holdings (Apple, real estate and black turtlenecks combined)?

10-02-2009, 01:03 AM	#8
frugality Registered User Join Date: Nov 2007 Posts: 195	It's strange that reporters are interested in Jobs' loss of wealth. I'm sure he's not all that concerned about it. Jobs is more aware than most of us how life may be taken away at any moment. As they say, "You never see a Brinks truck at the end of a funeral procession." I wonder if he'll decide to step back down at some point and become a philanthropist like Bill and Melinda Gates.

10-02-2009, 01:40 AM	#9
8CoreWhore Registered User Join Date: Jan 2008 Posts: 457	Maybe we can take up a collection...

10-02-2009, 04:13 AM	#12
irnchriz Registered User Join Date: Feb 2007 Posts: 308	Appleinsider make Steve Jobs 43rd position sound like a bad thing! Steve jobs has now attained his highest ever position on Forbes 400 list his previous highest being 49th position back in 2007. Last year he was only 61st position. Jobs' $5.1 billion net worth marks a significant turnaround from just six months ago, when Jobs checked in as the 178th wealthiest person in the world with an estimated net worth of only $3.4 billion. Since that time, Disney's stock price has risen nearly 90% while Apple's has more than doubled, generating significant gains for Jobs.

10-02-2009, 09:06 AM	#15
JupiterOne Registered User Join Date: Oct 2006 Location: South Florida Posts: 1,006	One expensive liver.

10-02-2009, 12:32 PM	#19
Gm7Cadd9 Registered User Join Date: Jul 2005 Location: Hollywood, CA Posts: 56	I still don't see where it says his wealth "shrinks"

10-02-2009, 06:29 PM	#24
Theo Maschas Registered User Join Date: Oct 2009 Posts: 2	Wow, a 2.3 BILLION dollar shrinkage in 2 years & they have the iGaul to say he had a good year? That's some Reality Distortion Field© !

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