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Thu, Mar 18, 2010 - 02:59 PM EDT  —  AAPL: 223.67 (-0.45, -0.2%)  |  NASDAQ: 2390.00 (+0.91, +0.04%)

Apple CEO Steve Jobs: $282 million richer in about a month
Wednesday, October 21, 2009 - 11:00 AM EDT

Apple Store"In September, Steve Jobs' $5.1 billion earned him the No. 43 spot on Forbes' list of the 400 richest Americans. Since then, Apple's shares have rocketed to within orbiting distance their all time high," Philip Elmer-DeWitt reports for Fortune.

"So Jobs is a lot richer today he was then — more than $282 million richer, at least on paper — but only about half that increase is thanks to Apple," Elmer-DeWitt reports. "The rest is all Disney."

Elmer-DeWitt reports, "According to the two companies' proxy statements, the bulk of Jobs' net worth is in the form of preferentially owned stock: 5.426 million shares of Apple (most of it from a 2003 grant of 10 million shares, later reduced to pay taxes) [and] 138 million shares of Disney (from when Disney acquired Pixar)."

More info in the full article here.

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Reader feedback page 1 of 1 pages:
Oct 21, 09 - 11:06 am Comment from: Lava_Head

Lend us a tenner Steve grin

Oct 21, 09 - 11:16 am Comment from: ron

Just the Job - s.

Oct 21, 09 - 11:23 am Comment from: Sitruc

Lunch is on you next time Stevie.

Oct 21, 09 - 11:27 am Comment from: Jim - TIV

I suddenly remember that Steve and I are related...

Oct 21, 09 - 11:30 am Comment from: breeze

Every penny of it, well earned and deserved. No parasite genes here.

Oct 21, 09 - 11:35 am Comment from: dan

amen, @breeze
El Jobso pulled himself up by his own bootstraps. True American success story. And he is waaay less evil that the Google twins.
dan

Oct 21, 09 - 11:42 am Comment from: _Arthur

And when you count his $1 salary, it adds up to a tidy sum !

Oct 21, 09 - 11:57 am Comment from: Sir Gill Bates

"... 138 million shares of Disney ..."

Inconceivable! big surprise

Oct 21, 09 - 12:05 pm Comment from: breeze

@Sir Gill Bates:

and Jobs made and developed Pixar into the unrivaled and undisputed animation giant and leader, that single handedly saved Disney's ass

Oct 21, 09 - 12:06 pm Comment from: Tannz

Heads up stories. Who's running this joint anyway. grin

Apple's got reading competition. Kindle just got kicked in the balls.
http://www.barnesandnoble.com/nook/?cds2Pid=30919

And did anyone read about this wonderful Windows 7 feature? You're gonna love it.
http://www.webmonkey.com/blog/Windows_7_Will_Let_Microsoft_Track_Your_Every_Move

Oct 21, 09 - 12:10 pm Comment from: theloniousMac

Works for me. Company does well, employees do well. Including top employees. Company does poorly, employees do poorly, especially top employees.

Oct 21, 09 - 12:19 pm Comment from: Buster

Hope he lives a long time and can have fun with his money. HE EARNED IT!

Oct 21, 09 - 12:19 pm Comment from: R2

That's WAY too much money. The Obama pay czar needs to crack down on Jobs and his exorbitant riches.

Oct 21, 09 - 12:37 pm Comment from: breeze

R2 - your'e a brainless moron

Oct 21, 09 - 12:45 pm Comment from: @ R2

So you're fine with Goldman Sachs paying its employees $32 billion in bonuses from taxpayer money?

You want to use Steve Jobs, who actually contributes something to humanity and the economy, as some kind of argument defending bankster parasites from having their taxpayer-funded pay scrutinized? You think folks here can't tell the difference between an Apple and a Goldman Sachs?

Oct 21, 09 - 12:52 pm Comment from: MCCFR

breeze

I think you'll find that being a brainless moron is actually an aspiration for people like R2.

Oct 21, 09 - 01:26 pm Comment from: Blue Whale

After today, it looks like it will be closer to $300 million!

Oct 21, 09 - 01:30 pm Comment from: Hg Wells

@Arthur, I really believe he is deserving of a pay raise. He's brought vision and the future to the world. Still, I don't think we should go overboard. After all, he didn't do it alone. He has a good group backing all that Apple has done. Why not support a 12% salary increase for Steve Jobs? Come on! Would there be anyone who'd say he's not worth the extra?

Oct 21, 09 - 01:52 pm Comment from: truth

HG his salary is $1. You really think he deserves $1.12?

Can any of you budding socialists make a valid argument that he is overpaid? He built this company from nothing, from his garage to industry leader. That company is now worth BILLIONS and you want to begrudge him a few hundred million for his tireless efforts?

Give me a break, you have no idea what he does for charity, not like it your business anyway. Furthermore what have you contributed to the world? What do you do for charity?

That's what I thought, you just sit there feeling class envy and display your jealousy like a five year old that wants the kid next to him to give up half of their candy bar.

You want millions? Go Friggin earn it like Steve has..

Oct 21, 09 - 02:30 pm Comment from: breeze

Apple’s Steve Jobs: Choose what you do with your life and make it count.

“We don’t get a chance to do that many things, and every one should be really excellent. Because this is our life. Life is brief, and then you die, you know? So this is what we’ve chosen to do with our life. We could be sitting in a monastery somewhere in Japan. We could be out sailing. Some of the [executive team] could be playing golf. They could be running other companies. And we’ve all chosen to do this with our lives. So it better be damn good. It better be worth it. And we think it is.”

Oct 21, 09 - 03:19 pm Comment from: Me In LA

If a CEO's leadership makes stockholders and the company money, great.
If you are a useless sack of shit that feeds off of the company when you're broke or going broke, or you have taken bailout money, piss-off.
Jobs meets the criteria for OK.
Good for him and Apple.

Oct 21, 09 - 03:54 pm Comment from: iLuvMyMacs

Ah shit- I thought I had him beat this month... need more overtime I guess.

Oct 21, 09 - 04:03 pm Comment from: Hg Wells

@truth, Well, if your feel that $1.12 is too much, the excess can be distributed among the rest of the team. But I think a raise on his salary has certainly been earned! Don't you?

Oct 21, 09 - 04:08 pm Comment from: Hg Wells

@truth (again), I really think that almost none of the long time Mac people feel that SJ's is overpaid. Competent opinions almost uniformly acknowledge his worth, though I'll again add that he does not work in a vacuum. He would not have been as successful without a good team in place.

Oct 21, 09 - 04:24 pm Comment from: breeze

Visionaries and vision always need a good team in place to execute. Apple has the best team in the business - Solid Gold

Oct 21, 09 - 10:59 pm Comment from: kneugent

Dear Steve:

Well, I am Barrister Hong Manata, a Solicitor. I am the Personal Attorney to Mr.Steve Anderson, who used to work with Siamrak Company Limited. On the 21st of April 2004, his wife and their three children were involved in a car accident along Sukhumvit Express Road.

Unfortunately, they all lost their lives in the event of the accident. Since then I have made several enquiries to your Embassy to locate any of my client's relatives, this has also proved unsuccessful. After these several unsuccessful attempts, I decided to trace his relatives over the Internet to locate any member of his family but to no avail, hence, I contacted you to assist in repatriating the money left behind by my client in a Finance Company, Particularly, the Finance House where the deceased deposited the US$15 Million (Fifteen Million United States Dollars Only).

Consequently, this Finance House issued me a notice to provide the Next of Kin to claim the US$15 Million (Fifteen Million United States Dollars Only) in their custody within the next ten official working days. Since I have been unsuccessful in locating the relatives for over 5 years now, I seek your consent to present you as the next of kin of the deceased to claim the fund as the Next of Kin to him so that the fund will be transferred to your account by the Finance House.

Upon receipt of the fund, I will come over to your country to meet with you for the disbursement of the fund and then you and I will share the money in this order: 70% will be for me, 30% will be for you. I have all the necessary legal documents that can back our claim we will make with the Finance House.

All I require is your honest co-operation to enable us seeing this deal through. I guarantee that this will be executed under a legitimate arrangement that will protect you from any breach of the law.

You are needed as a next of kin to inherit your brother left fund.

Best regards .
Barrister Hong Manata (Esq).

Oct 22, 09 - 07:43 am Comment from: The Dresser

Now folks, don't forget that Steve Jobs has a lot of expenses. I mean, consider his wardrobe. He has to keep finding those black turtle-neck sweater shirts, and those fit-just-right faded jeans. Let's keep these things in perspective. A high-profile executive nerd needs to maintain his lifestyle.

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