Financials

10 Facts About Steve Jobs

Amanda SchillerMonday 13 September 2021

Steve Jobs is widely considered to be one of the most visionary entrepreneurs in recent years. In fact, there’s a very good chance that you’re reading this article from one of the products that Steve’s company designed and created. There is so much to learn about the man in the turtle neck that we’re going to jump right into it.

Let’s take a quick look at 10 facts about Steve Jobs.

1. There’d be no Buzz Lightyear without Steve Jobs

Almost everybody knows that Steve Jobs founded the famous technology company, Apple. However, his fame with Apple overshadows the work that he did with Pixar, one of the world’s most famous animation studios. In fact, Steve almost single-handedly funded the studio while they were struggling to turn a profit with computer animation technology.

2. Steve the Buddhist

Like a few famous entrepreneurs, Steve Jobs dropped out of college. He attended Reed College for just one year before dropping out and traveling to India in 1974. He then spent a good portion of time there studying Zen Buddhism and seeking enlightenment before returning to the United States and founding Apple in 1976.

3. He wasn’t always a Jobs

Steve Jobs was actually born in 1955 to Abdulfattah Jandali and Joanne Schieble. However, he was put up for adoption shortly after his birth and adopted by Paul and Clara Jobs. He later revealed slight disdain for his biological parents and told people that he considered his adopted parents as his real parents.

4. Steve struggled in school

Steve was known for being a troublemaker when he was coming up through his education. This bad behavior even carried on all the way into college where it impacted his grades. In his only year of college, he recorded a 2.65 GPA before dropping out.

5. His wealth started young

By the time he was 23 Steve already had a net worth of $1 million. However, his net worth skyrocketed over the next two years and is recorded as $250 million at age 25. By the time of his death, his net worth was recorded at $10.2 billion.

6. The $400 billion man

When Steve left Apple to run Pixar he sold a large number of shares. However, his original stake in Apple was about 20% of the company. If he had held onto this stake as Apple grew into the $2 trillion behemoth that it is today, he would be worth about $400 billion. This would easily crown him as the richest man in the world and would be enough to make him twice as rich as the next richest billionaire.

7. Attention to detail

Jobs was notorious for being incredibly attentive to even the smallest details. For example, when he was running Apple he hired a team whose only job was to watch people open up their boxes of Apple products and record their reactions. This would help him understand how people interacted with his products and the emotions that they were experiencing.

8. Most of Jobs net worth didn’t come from Apple

Despite pioneering the personal computer revolution and creating the most valuable company in the world, most of Jobs’ net worth actually came from the Walt Disney Company. When he negotiated the sale of Pixar to Disney, he received about $7.4 billion in stock. This is about 7% of the Disney Company and made him the single largest shareholder.

9. Disney and Apple honored his death

When Steve eventually passed away on October 5, 2011, Disney World and Disneyland both announced that they would be flying all flags from half-mast as a show of respect. On the same day, Apple set up an email account so that people could send in well wishes and also reserved a page on their website to honor his legacy.

10.  One of the greatest U.S. inventors

Despite not necessarily being a great coder, Jobs still holds hundreds of patents (mainly for the design or user interface of products). He is listed as the primary or co-inventor in 346 patents or patent applications. Since his death, he has won another 140 patents and currently owns over 450 patents.

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