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  • Apple makes so much money, that any other company in comparison looks insignificant.

  • In just one-quarter, Apple made more money than Amazon has since its inception.

  • The company has become a money-making machine with over two hundred billion dollars in its

  • bank accounts. In fact, it makes more money than Microsoft,

  • Facebook and Alphabet combined. That's why investors love Apple, unlike other

  • tech giants that promise huge profits in the future, Apple is making huge profits now.

  • However, the person who founded Apple and led it to greatness never became the worlds

  • richest man, unlike some others. In fact, even if he would be alive today, he still

  • wouldn't be even in the top 10 richest people even though he has built the worlds most valuable

  • company from scratch. So, let's try to find out why Steve Jobs

  • wealth had nothing to do with Apple even though he spent his entire life building it.

  • You see, Steve Jobs had a complicated relationship with Apple.

  • Just after 2 years of starting Apple, Job's net worth was already over a million dollar.

  • In fact, Apple 2 was so successful that by the time Steve was 25, his net worth exceeds

  • 250 million dollars. That made him one of the youngest people ever on Forbes' list

  • of the richest people in the United States. What's more, he was part of a very tiny

  • group of people under 30 to make the list with no inherited money.

  • Even When the company completed its initial rounds of fundraising, Jobs still held 26%

  • of the company which would worth today over 214 billion dollars.

  • Nonetheless, along the way, Jobs kept selling his shares and after 5 years of the company

  • going public, Jobs stake of the company has dropped to only 11 percent.

  • However, this incredible success didn't last long. After recruiting John Sculley,

  • the head of Pepsi-Cola, to be its new chief executive (CEO). Things went bad for Jobs.

  • These two men had absolutely different visions for the company and in the spring of 1985,

  • the board sided with John Sculley and removed Jobs from His position.

  • He left the company and sold all of his shares for 130 million dollars. He did retain a single

  • share so that he could receive the company's annual report.

  • It's at that time when Jobs made most of his fortune.

  • 4 Steve went to find another computer company

  • that he named NeXT. It mostly focused on building computers for companies, scientist and academic

  • purposes. And it had achieved relatively good success, especially with software.

  • Simonteously, Steve founded Pixar, the animation company that created some of the most popular

  • animated films in the world such as toy story, Finding Nemo, Cars, A Bug's life and many

  • more that were extremely successful. By 2004, as Pixar's contract with Disney was

  • running out,  Jobs announced that Pixar would seek a new partner to distribute its films,

  • However, Pixar was too important for Disney, so they agreed to purchase Pixar in an all-stock

  • transaction worth $7.4 billion. The deal netted Jobs $4.3 billion in Disney stock and

  • made him the company's biggest single shareholder. In fact, he made more money from this deal

  • that he ever had from apple.

  • Speaking of apple, after the resignation of Steve, the company crippled and went to a

  • long lasting crisis. Apple brought multiple CEOs on the board, however, no one could get

  • back apple to its knees and the company was left with no other choice but to get Steve

  • back on the board. But it wasn't easy since they forced him

  • out of the company in the first place. So, Apple agreed to purchase NeXT for almost

  • half a billion dollars (427 M) in 1996 and appoint Jobs first as Interim CEO and as the

  • CEO. On top of that, Apple granted Steve 1.5 million

  • shares, however, he quickly sold them upon getting his position.

  • under Job's leadership, the company introduced multiple revolutionary products and the company

  • stock price increased from under a dollar to almost 60 dollars per share.

  • And before he passed away, his net worth was around 10 billion dollars which mostly consisted

  • of Disney shares. It's only after he died, the company's

  • valuation soared to over a trillion dollars (graph). If jobs had kept his 26 percent stake,

  • it would worth a whopping amount of 209 billion dollars.

  • Even his 11 percent stake that he held after the company went public would worth today

  • over 88 Billion dollars (88 660 000 000). That would make him the 3rd richest person

  • in the world. Nonetheless, you can't really blame him for

  • selling his shares since he couldn't have expected to be back at Apple after he was

  • forced out. And that's why the man who built the worlds

  • most valuable company never became the worlds richest man.

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  • Thanks for watching and I will catch you in the next one.

Apple makes so much money, that any other company in comparison looks insignificant.

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