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by jrockway 5857 days ago
Wayne insists he has no regrets about the choice he made

Fair enough, but I am going to regret it for him. 22 billion dollars. That's twice as much as eleventy billion!

1 comments

I don't know what type of investment apple had but if he did stay wouldn't he's 10% have been diluted by future investment?
Given that Steve Jobs' net worth is $5.5 billion (source: http://en.wikipedia.org/wiki/Steve_Jobs), that number does seem deliberately misleading.
5 billion. 22 billion. Who cares what number comes in front of all those zeroes! It's the zeroes that matter. Once you start getting up in to the tens of millions I can't even imagine how to spend it all.
See, I understand if you meant "how to spend it all on my desires for luxuries."

But if you truly meant "how to spend it all," I disagree with you. Every day, I think of a new company that would make the world a slightly better place. Every day, I wish I had 50 billion dollars so I could call my manager up, tell him "you have 3 million, find someone who can solve this problem," and have it done.

Hey, just building a worldwide cellphone network with enough bandwidth to not suck and decent international rates could take up more money than I could ever possibly earn.

Dream big.

Well, doing good in the world with charities can get expensive. Or building space vehicles... I got plenty of ideas if I ever get that kind of money.
You start investing in things. You'd be amazed how fast the money can go.
And much of that sum is from the sale of Pixar to Disney.
Jobs has 138 million shares of DIS; currently valued at ~$4b.

He is famous for one of the worst trades in history with his Apple stock. In 2003 he accepted a safe but low returning investment in exchange for his 55 million Apple stock options. This stock would now be valued at ~$13 billion.

http://seekingalpha.com/article/36615-how-steve-jobs-lost-ov...