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Steve Jobs' wealth shrinks; Mac online share grows

post #1 of 25
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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.
post #2 of 25
A 600 million here, 600 million there.
It can really ad up after a while.
post #3 of 25
I'm in love with snow leopard
I love it even more than I did leopard
post #4 of 25
I know... I seriously feel for Steve on this one.
post #5 of 25
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.
post #6 of 25
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)?
post #7 of 25
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
post #8 of 25
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.
post #9 of 25
Maybe we can take up a collection...
2011 13" 2.3 MBP, 2006 15" 2.16 MBP, iPhone 4, iPod Shuffle, AEBS, AppleTV2 with XBMC.
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2011 13" 2.3 MBP, 2006 15" 2.16 MBP, iPhone 4, iPod Shuffle, AEBS, AppleTV2 with XBMC.
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post #10 of 25
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.
post #11 of 25
Quote:
Originally Posted by Retrogusto View Post

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.
post #12 of 25
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.
post #13 of 25
Quote:
Originally Posted by Retrogusto View Post

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.
post #14 of 25
Quote:
Originally Posted by Pooch View Post

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)
post #15 of 25
One expensive liver.
post #16 of 25
What- no mention of Bill Gates' position on the list?
post #17 of 25
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?
post #18 of 25
Quote:
Originally Posted by AppleInsider View Post

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.

Wow I wish I could get a return of 740 times on my investments over 20 year.
Addicted to a Mac since the Mac Plus
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Addicted to a Mac since the Mac Plus
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post #19 of 25
I still don't see where it says his wealth "shrinks"
post #20 of 25
Quote:
Originally Posted by irnchriz View Post

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.
The true measure of a man is how he treats someone that can do him absolutely no good.
  Samuel Johnson
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The true measure of a man is how he treats someone that can do him absolutely no good.
  Samuel Johnson
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post #21 of 25
Quote:
Originally Posted by Gm7Cadd9 View Post

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.
Please don't be insane.
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Please don't be insane.
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post #22 of 25
Quote:
Originally Posted by physics View Post

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?
post #23 of 25
Quote:
Originally Posted by Thomaspin View Post

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.
post #24 of 25
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© !
post #25 of 25
Quote:
Originally Posted by Theo Maschas View Post

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.
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