| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $400 thousand | N/A | May 17, 1934 | Cleveland, Ohio | Male | N/A | Investor, Technologist | American |
What is Ronald Wayne’s Net Worth?
Ronald Wayne’s net worth is estimated to be $400 thousand.
Highlights
– Ronald Wayne is an American investor and technologist.
– He is one of the co-founders of Apple Inc.
– Wayne infamously sold his 10% stake in Apple back to Steve Jobs and Steve Wozniak in 1976 for $800.
– Today, that 10% stake would be worth over $200 billion.
Early Life
Ronald Wayne was born on May 17, 1934, in Cleveland, Ohio. He trained as a technical draftsman at the School of Industrial Arts in New York and moved to California in 1956 at the age of 22.
Career
After working for a decade, Wayne came up with an idea for his first business – a company selling slot machines. However, the company ultimately failed, and Wayne realized that he was more suited as an engineer than a businessman.
In the late 1970s, Wayne joined Atari, where he worked on building internal corporate documentation systems. It was at Atari that he met Steve Jobs, who introduced him to Steve Wozniak. Together, they founded Apple Computers in April 1976.
Wayne was responsible for illustrating Apple’s first logo and writing the manual for Apple I. However, due to his risk-averse nature and concerns about personal liabilities, Wayne decided to sell his 10% equity in Apple only a few weeks after the company’s formation.
Personal Life
After leaving Apple, Wayne continued working at Atari until 1978. He then took on various roles, including working at the Lawrence Livermore National Laboratory and an electronics company in Salinas, California.
Wayne briefly ran a stamp shop called Wayne’s Philatelics in Milpitas, California, before moving it to Nevada due to several break-ins. He retired to Pahrump, Nevada, where he currently sells stamps and rare coins.
Wayne sold the original partnership agreement he had signed with Jobs and Wozniak in 1976 for $500. The document later sold at an auction for $1.6 million.
Net Worth Over Time
Ronald Wayne’s net worth has primarily remained at $400 thousand since his departure from Apple. However, if he had held on to his 10% stake in the company, it would be worth more than $200 billion today.
Components of Net Worth
Ronald Wayne’s net worth consists of his investments and assets, including the proceeds from the sale of his Apple equity. While his net worth may not be as substantial as some other individuals in the industry, his contribution to the early days of Apple remains significant.
In conclusion, Ronald Wayne is an American investor and technologist who co-founded Apple Inc. He infamously sold his 10% stake in the company for $800, which would be worth over $200 billion today. Despite his net worth of $400 thousand, Wayne’s role in Apple’s early success cannot be understated.