How does Steve Jobs make his living?

in General Discussion edited January 2014
Apple pays him $1 a year. No options. Once in a while, he gets a nice jet, but Apple hasn't paid him any other bonuses or options for a while.

He has a job as the head of Pixar; does that pay his bills:? It's just hard to imagine the Big Cheese without an expensive home and a nice car.


  • Reply 1 of 25
    err.. examine the apple financials...

    Salary: $1

    Bonus: some outrageous amount, I believe $50 million?
  • Reply 2 of 25
    When you're a multimillionaire, you can literally live on the interest/dividends your money/stocks generate. In the case of a multi-billionaire, it's even easier.
  • Reply 2 of 25
    cosmonutcosmonut Posts: 4,872member
    According to Yahoo Financial ( <a href=""; target="_blank"></A>; ), SJ gets $90M a year from Apple alone. He apparently only makes $100 ($0.1K)a year from Pixar ( <a href=""; target="_blank"></A>; )

    Total: $90,000,100

    [ 12-26-2001: Message edited by: CosmoNut ]</p>
  • Reply 4 of 25
    [quote]Originally posted by CosmoNut:

    <strong>According to Yahoo Financial ( <a href=""; target="_blank"></a>; ), SJ gets $90M a year from Apple alone. He apparently only makes $100 ($0.1K)a year from Pixar ( <a href=""; target="_blank"></a>; )

    Total: $90,000,100

    [ 12-26-2001: Message edited by: CosmoNut ]</strong><hr></blockquote>

    The $90M for FY2000 was the Gulfstream V Jet given to Steve. His salary is only $1 at Apple. So his yearly salary (both Apple and Pixar) is $101. Like others have said, however, he must make a living off his interest and dividends.
  • Reply 5 of 25
    A Gulfstream V costs $90 Million?
  • Reply 6 of 25
    crusadercrusader Posts: 1,129member
    Yeah between all the money he got when he sold off his apple stock when he sold it back after he resigned from Apple, and his huge stake in Pixar, money is no problem for him.
  • Reply 7 of 25
    emaneman Posts: 7,204member
    How come he only gets $1 from Apple?
  • Reply 8 of 25
    [quote]Originally posted by MacAgent:

    <strong>A Gulfstream V costs $90 Million?</strong><hr></blockquote>

    No, he also received some stock options if I remember correctly.
  • Reply 9 of 25
    [quote]Originally posted by roger_ramjet:

    <strong>No, he also received some stock options if I remember correctly.</strong><hr></blockquote>

    OK, 'cause I was gonna say...

    [ 12-26-2001: Message edited by: MacAgent ]</p>
  • Reply 10 of 25
    applenutapplenut Posts: 5,768member
    he received 500million in stock options making him the highest "paid" CEO of last year
  • Reply 11 of 25
    [quote]Originally posted by MacAgent:

    <strong>A Gulfstream V costs $90 Million?</strong><hr></blockquote>

    "In Apple's fiscal year 2000, for instance, the company decided to give Jobs a Gulfstream V jet worth $43.5 million, as well as $40.5 million to pay for the taxes and other costs associated with granting the plane."

    <a href=",4586,5101047,00.html?chkpt=zdhpnews01"; target="_blank">From current ZDNut article...</a>
  • Reply 12 of 25
    You should also consider that Apple purchased NeXT, which was a privately owned company, with Steve Jobs as a majority shareholder, for $400 million.

    Let's be conservative nad say Steve Jobs only owned 25% of the company, that's $100 million. $100 million sitting in even a low-yielding account earning 1 percent a year interest is $1 million - VERY easy to live on a million dollars - that buys a lot of blue jeans and mock turtlenecks Everything else (expense-wise) is paid for by Apple/Pixar.
  • Reply 13 of 25
    [quote]Let's be conservative nad say Steve Jobs only owned 25% of the company, that's $100 million. <hr></blockquote>

    That makes him able to buy like, 128MB of RAM from the Apple Store!
  • Reply 14 of 25
    macaddictmacaddict Posts: 1,055member
    NeXT was a privately owned company? Are you sure? I seem to recall NeXT going public early on with Steve Jobs and Ross Perot as major shareholders, with little for the actual employees of NeXT. Then NeXT was bought by Apple for 400m total, and Steve got something like 150m as a major shareholder, some of it in Apple stock which he sold at $12 or $14 a share just before it doubled to $30...about the same time my Dad sold his shares of Apple after making a slight profit...if he only held onto it, I'd be cruising along with a Quicksilver right now .

    According to Forbes, Jobs is worth 1.4B. Assuming he has a paltry 14M (one hundredth of his total net worth), on some government and corporate bonds paying 5%, he would make seven hundred thousand dollars a year (700K)...not shabby.

    I assume that 700K will cover a few new German sports cars and a nice college for the kids.
  • Reply 15 of 25
    NeXT was privately financed by venture capitalists like Perot. Jobs obviously owned a lot too, though I don't think he was anywhere near a majority stockholder.

    Anyhoo, the unbelievably rich are not like you and me. They do not get paid per hour ( ) nor do they get much of a salary most of the time. Oh, sure, they might get $1 million as a way of saying "I'm another working stiff like you!" but they make an order of magnitude more in the equity they own. Equity generates more equity and can be cashed in at the appropriate time for greenbacks. (reminds me of, "Money can be exchanged for goods and services." "Woo-hoo!") Jobs can easily dip into his investments, sell a measly amount of stock, buy a car with cash in hand and barely make the balanace sheets burp.
  • Reply 16 of 25
    [quote]Originally posted by MacAddict:

    <strong>NeXT was a privately owned company? Are you sure?</strong><hr></blockquote>

    I was a stock researcher, so yeah, I'm sure.

    [ 12-26-2001: Message edited by: Kestral ]</p>
  • Reply 17 of 25
    cosmonutcosmonut Posts: 4,872member
    What do you suppose Steve does with his ONE dollar?

    1. Frame it and hang it on his office wall with the others?

    2. Deposit it into his personal checking account?

    3. Combine it with the others to save up for an Extra Value Meal from McD's?

    4. Give it to the poor?

    5. Shred or burn it?

    6. Hide it in a random iMac during production?

    7. Put it in a Salvation Army bucket somewhere?

    8. Bury it in the sand of a California beach?

    9. Spend it on a Coke at a baseball game?

    10. Buy a 20min. long distance call w/ 10-10-220? (that'd actually be a cool ad!)

    11. Eat it? <img src="graemlins/bugeye.gif" border="0" alt="[Skeptical]" />


    "What's up Steve?"

    "Well, I just got paid my dollar for this year as CEO of Apple Computer, but I can't figure out what to do with it."

    "Hey, just use 10-10-220 to get a 20 minute call for only 99 cents."

    "99 cents! Wow! Thanks, man!"

    He he

    [ 12-27-2001: Message edited by: CosmoNut ]</p>
  • Reply 18 of 25
    cosmocosmo Posts: 662member
    I'm more curious about hwo they pay him. Do you think he gets a check in the mail at the end of each year?

    Or maybe at the end of each financial quarter one of the board member tosses him a shiny new quarter and congratulates him on a job well done.

    Perhaps he gets a check every two weeks. This check would be for 1 cent, and he wouldn't get paid for four pay cycles (2 months).
  • Reply 19 of 25
    Steve Jobs' net worth is approximately 1.1-1.3 billion.

    [ 12-27-2001: Message edited by: Codename ]</p>
  • Reply 20 of 25
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