It would be worth reminding people that that the B&M Gates foundation manages the legacy funds of three generations of Bill Gates. Much of that money is just the interest on the investments.
Still amazing work and clearly his grandfather set a high standard for those who carry his name to live up to, which I'm sure they do gladly if Trey's behaviour is how we judge. The work of the foundation will carry on and on for decades to come.
It's a little harsh to measure Steve or any other first generation billionaires against a third generation legacy. For all we know Steve Jobs and others may give away a similar proportion but just choose to stay quite.
Wow. Good for Bill and Melinda.
That's a lot of money to give away.
You must be delusional if you think that Jobs doesn't have high investments in his own company...
Also, Isn't it about time you brag some more about your stock options???
Wow. Good for Bill and Melinda.
That's a lot of money to give away.
Pixar came a LONG way from the CGI unit that was bought from Lucas.
Gotta hand it to Steve, dude is loaded and still wears regular stuff. I respect that, life isn't about flaunting.
Or...SJ isn't a fool who throws his money into bottomless pits.
You respect an arrogant guy with billion, who has in his entire lifetime donated about to charity? Wow...
Face it, regardless of however much we all love Apple, Steve Jobs is an ******* - and he knows it. Yes, he has fantastic ideas (although I bet 90% of Apple products weren't his idea directly)...but he's still an a-s-s-h-o-l-e and always will be.
Steve's salary from Apple is indeed $1 per year. This is in the SEC filings. He also has a few shares of AAPL, plus some options.
If you actually bothered to read the article, you would have learned that the bulk of his wealth comes from his shares of Walt Disney Corporation (proceeds from the sale of Pixar). Steve doesn't need to work. He could probably sit on a beach and rake in $30 million a year in DIS dividends. He doesn't even draw a stipend from being on the board of Disney. They actually had to change the by-laws on his request so he wouldn't get compensation as a non-executive Disney director.
Presumably, Steve has diversified some of his holdings so he isn't reliant on two companies. My guess is that he has some fancy money manager who has him invested in a number of other places, including tax-free munis, perhaps a managed account, and probably a bunch of nice ETFs.
Yea. we can diss microsoft but look at all the people that have benefitted from a crap software. and those that have benefitted dont even have a computor![]()
Congrats Steve to your wealth - and thanx for reminding me that all the money in the world can't buy you health.
Although he did get his transplant rather quickly...
Giving to charity should be a personal choice.
He isn't an ******* because he doesn't give to charity. People just think he's an ******* because he has too much money and they don't![]()
Why do you assume that he doesn't give anonymously? Many do.You respect an arrogant guy with $5 billion, who has in his entire lifetime donated about $350 USD to charity? Wow...
$59 Billion. One guy. *sigh*
I really don't get those complaining about Steve's lack of donation to charity. Seriously, have you any idea what investment is about? His $6.1B might just be $61B or $610B tomorrow if he has them invested. I'm sure he does. Maybe he doing just so he can donate more than a couple of billions to charity after retiring. That's right, he hasn't even retired yet.