"I Don't Do That Stuff": What Steve Wozniak Once Said About Investment (2024)

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"I Don't Do That Stuff": What Steve Wozniak Once Said About Investment? ›

In an interview with Fortune, the tech entrepreneur shared his investment strategy. "I do not invest. I don't do that stuff," Mr Wozniak said. "I didn't want to be near money, because it could corrupt your values."

He embarked on new ventures, including founding CL 9, which developed the first universal remote control. Wozniak's net worth is estimated to be $140 million; he sold of majority of his Apple shares which could have propelled him into a billionaire had he not sold.

In the early days, as Apple began to raise capital from investors, both Steve Wozniak and Steve Jobs owned the same amount of the company, with 8.3 million shares each. But soon, Wozniak started selling his shares with around 1.2 million believed to have been given to his former wife when they separated.

So to me this saying means to own your computer, to have it small enough to hold in your arms (now hands) and know that no one else can take control of it from you.

Steve Wozniak (born August 11, 1950, San Jose, California, U.S.) is an American electronics engineer, cofounder, with Steve Jobs, of Apple Computer, and designer of the first commercially successful personal computer. Founder: Apple Inc.

Unlike many of his fellow groundbreaking tech contemporaries, including Bill Gates, Microsoft co-founder Paul Allen, and Steve Jobs at the time of his death in 2011, Steve Wozniak is not a billionaire. He is estimated to have around $140 million to his name.

Philanthropy. In 1990, Wozniak helped found the Electronic Frontier Foundation, providing some of the organization's initial funding and serving on its founding Board of Directors. He is the founding sponsor of the Tech Museum, Silicon Valley Ballet and Children's Discovery Museum of San Jose.

Despite the fact that the average iPhone user likely has no idea who 'Woz' is, he will forever be associated with one of Silicon Valley's most important origin stories. While Wozniak left Apple in 1985, and sold most of his stock, he reportedly still receives a $50 a month honorary salary.

Levinson – 4,434,576 – 0.029% Contrary to common belief, Tim Cook, Apple's CEO, is not the company's largest individual shareholder. Arthur Levinson is Apple's largest individual shareholder, owning 4.43 million shares as of February 2024. His stake accounts for only 0.028% of Apple's total outstanding stock.

At the time of his death in 2011, founder Steve Jobs was worth around $10.2 billion, but interestingly, most of this wealth was in the form of Disney (DIS) stock. The Steven P. Jobs Trust owned over 7% of Disney. When he passed, Jobs owned about 38.5 million shares or about 0.24% of Apple.

Why did Bill Gates call Windows Windows? ›

Microsoft named their new version of OS as Windows , because the version after MS-DOS has the the functionality for a user to interact with the OS through a GUI that consisted of windows.

However, always keeping your computer on will shorten its lifespan regardless due to natural wear and tear. Heat is the primary culprit here. Your computer and graphics cards have multiple fans for a reason – heat is just bad for electronics.

"Never trust a computer you can't throw out a window."

Time also noted that "the baby girl and the machine on which Apple has placed so much hope for the future share the same name: Lisa". In 1978, at age 23, Jobs was worth over $1 million (equivalent to $4.67 million in 2023). By age 25, his net worth grew to an estimated $250 million (equivalent to $838 million in 2023).

After the departure of 3rd founding partner Ronald Wayne (who originally owned 10% of Apple), Wozniak owned 34.6% of Apple and Jobs the remaining 65.4%.

February 6, 1985: Frustrated by Apple's shifting priorities, co-founder Steve Wozniak leaves the company to pursue outside interests. His departure — which comes the same year that Steve Jobs leaves Apple to form NeXT — represents yet another big change for the company.

At the time of his death in 2011, founder Steve Jobs was worth around $10.2 billion, but interestingly, most of this wealth was in the form of Disney (DIS) stock. The Steven P. Jobs Trust owned over 7% of Disney. When he passed, Jobs owned about 38.5 million shares or about 0.24% of Apple.

At 19, Eve Jobs, whose family has an estimated net worth of $20 billion according to Forbes, is a student at Stanford University, which is rated no. 5 in US News & World Report's Best Colleges rankings in the National University category.

You would think that having one of the highest positions in the big tech world would make you one of the wealthiest people in the world but Tim Cook doesn't operate like that. Despite not even making the thousandth wealthiest person in the world, Forbes estimates he is worth a reported $2.5 billion.

13.3 billion USD (2024)

Laurene Powell Jobs / Net worth