Steve Jobs Ranked World's 110th Richest Person With Net Worth of $8.3 Billion

[Benjamins]

$8.3b and still only 110th richest.

who are those 109 with more than 8.3b dollars...

 

[OllyW]

$8.3b and still only 110th richest.

who are those 109 with more than 8.3b dollars...

If you click the link in the first post it tells you.

 

[ThirteenXIII]

First, I'm not whining (why do you have to resort to personal attacks?) Thankfully I came from an affluent family so I have been fortunate. However I do have friends who are from middle class families who have worked hard and yet are facing financial issues regarding their student loans, which is a very common issue (you need to educate yourself instead of preaching to others of what you do not know). My comment was rhetorical/philosophical, not personal.

True, yet having lived in the U.K., other first world nations provide that thing called "education" without bankrupting you. Google the next financial crisis that's headed our way. Those exorbitant student loans and interests rates that many have to pay off are killing many (assuming banks gave out loans to qualified people after the last financial crisis). As for scholarships, those are very few and far between.

However, as a nation, our education system is failing and we are far behind other first world nations in higher education and employment. We have become a nation of consumers, not producers and many in the hedge fund/financial sect are playing god with the money of others.

My point I was throwing out: Steve Jobs' "success" is an abnormality of the "American Dream" propagated from the mid-20th century. Since then, times have changed and simple "hard work" doesn't lead to success. This is apparent with the lack of small business growth in the U.S. as competition with large national chains who have the financial resources to buy products in bulk cheaply from China is impossible. Google "rubbermaid walmart" and read on what happened to Rubbermaid in the 90's. Rubbermaid refused to cater to Walmarts demand in producing their products in China and then pulled their product (roughly 60% of Rubbermaids business), almost bankrupting them. Rubbermaid gave in and closed plants in America resulting in Walmart to employ ex-Rubbermaid employees in a new store where Rubbermaid once existed.

This is not about "whining", it's about a system that has become governed by executives and businesses who care more about their own greed and dominance than the common good of the nation. Collectively, we're not far off from a Feudalist system.

Great response and totally agree.
The reason why so many "deserve" to go or get inis the same way they get into these big businesses, most of that money ends up right back in those big corporations pockets.
So it has nothing to do with people who dont have enough /deserve to go its a vicious cycle from those who are controlling where the money goes.

 

[Benjamins]

Yet he doesn't give a dime away. He is still regarded as one of the worst billionaire philanthropists. He eliminated corporate philanthropy when he took over in 1997. He may be a visionary and industrial leader. However, he is a poor leader if he is not willing to speak about charity.

I donate every year, but I don't say "look at me donating money ..... HERE I AM DONATING MONEY!!!!!111"

how do you know Steve is not giving a dime away?
You saw his tax return?

Considering Steve is #110, Bill is #2... it's safe to say that Bill can give away half of his fortune and still way ahead of Steve.

 

[gramirez2012]

110th? That's not saying much.

 

[Sreda]

The top 400 richest people in the USA hold over half the countries wealth...
Why should we celebrate this?

 

[QCassidy352]

Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_3 like Mac OS X; en-us) AppleWebKit/533.17.9 (KHTML, like Gecko) Version/5.0.2 Mobile/8F190 Safari/6533.18.5)

A whole lot of hypocrisy, jealousy, misinformation and hate in this thread, as there is every year when this list comes out.
Watch this:
http://m.youtube.com/#/watch?xl=xl_blazer&v=4oAB83Z1ydE

That's Jobs in a nutshell. He's a misfit. He's not fond of rules. He sees things differently. And you can quote him, disagree with him, glorify or vilify him. But you can't ignore him. He changes things. He has pushed the human race forward -- in a way most of us can't even dream of.

So no, I don't begrudge him his money, and I don't give a **** who he does or doesnt give it to. The world needs more Steve Jobs and fewer haters posting on message boards.

 

[Spoony]

however he could sell it all and therefore would have 8 Billion ... how's that for calm

Guys like Steve jobs who are lifetime investors don't go around selling stock to go and give it away or go and buy a massive mansion or house. They could care less.

like Warren Buffet. it's engraned in their DNA to act a specific way.

Read any Warren Buffet books he lived in a modest house and drove a modest car b/c everything he owned was locked up in Berkshire Stock. If he sold it, he'd lose out on the 1000+% of appreciation. You don't sell the growth engine for money now. You keep the growth engine for future gains later.

Why would Steve change his tune now that he's mega rich. People asked Warren all the time why he never gave to Charity and he would say I haven't found any charity worth giving to. From what I recall he gave money away for two reasons
1. He feared overpopulation so he gave money away on birth control and prevention measures like that
2. Nuclear war so he gave money to stop that from happening.

yes Warren in is super old years he's promised to give it all away but you can't expect people like Steve Jobs and Warren Buffet to suddenly change their business DNA b/c you feel like owe something to peole with less money. I'm sure when Steve goes, which is going to be horrible the money will go to something amazing and decent.

I think steve makes around $30M a year from his Disney stock. That's his income. Factor in taxes and he's clearin yes a ridiculous amount of money but not the type of money where he's going to give away $100M a year.

 

[JAT]

They say the rich aren't happy. I've tried poor people's problems. I'm willing to give rich people's hardships a try.

The problems that cause unhappiness are all the same, and they can be boiled down to one word: selfishness.

Money does not create happiness, you do.

you guys realize that all of that 8 billion is tied up in Apple and Disney stock.

It's not like the guy has 8 billion sitting in his bank of america account.

His only source of personal income is his dividends he receives from his Disney stock.


1. If he sells that Disney stock he gets less in Dividends. Why would he sell the Disney stock? That wouldn't make any sense. That's his only source of income.

2. He has never sold any Apple stock since he came back to the company. You want Wall Street to freak out have Steve Job sell even a single share of Apple stock. That would make huge public headlines.

So he can't give money away, he really doesn't have "billions" sitting around. he is liquid in the millions.

Everyone calm down.

Didn't Gates cash in 2b of stock one year, freaking everyone out? A day later it came out that he just needed some cash (around the time he built his house/compound), since his worth was almost 100% stock, which can't buy anything. Boy needed some pocket change for dinner.

Do you think he would struggle to survive on the $5.9 Billion he'd get from the sale of his Disney shares?

Less tax. And see other comments about what that does to the company, or even the whole market.

 

[toddybody]

As a novice Buddhist, it is customary for Buddhist followers to were black/grey/white clothing with no logo's, etc. Very minimalist in order to break from materialism and focus on the inner self. I believe Steve Jobs is a follower of Tibetan Buddhism, not Japanese Buddhism.

Totally right...thats why he drives an SL AMG Mercedes. LOL. Seriously though, he could be flaunting so much more...like the rapper types (who's "wealth" is peanuts in comparison to Jobs').

IMO though, poor health+work-aholism != a wealthy man. If it were me, goodbye Apple, hello life. Stay Well Steve

 

[3282868]

Great response and totally agree.
The reason why so many "deserve" to go or get inis the same way they get into these big businesses, most of that money ends up right back in those big corporations pockets.
So it has nothing to do with people who dont have enough /deserve to go its a vicious cycle from those who are controlling where the money goes.

Thanks, and exactly right. It has become a vicious cycle, many go to work at the businesses as there is little option of gainful employment in the U.S. unless you risk opening your own business (and getting a business loan with reasonable interest rates). Drive through any city in the US, it's all national chains. I try to make it a point in buying from small local business or online, I refuse to shop at Target/Walmart/BestBuy (and for political reasons as well as they have supported anti-equal rights for many citizens through political donations).

The top 400 richest people in the USA hold over half the countries wealth...
Why should we celebrate this?

Right?! Insane. It's great that he's worked hard and amazing that he brought Apple back from near bankruptcy to a powerhouse. Yet many don't realize, this isn't a norm and Apple now builds/produces their products in China, as they are "Designed in California". So our money has gone to Foxconn and other companies, not much has gone back to the U.S. given Apple's/Jobs' stance on keeping Cupertino small employee wise.

Totally right...thats why he drives an SL AMG Mercedes. LOL. Seriously though, he could be flaunting so much more...like the rapper types (who's "wealth" is peanuts in comparison to Jobs').

IMO though, poor health+work-aholism != a wealthy man. If it were me, goodbye Apple, hello life. Stay Well Steve

LOL you got me there.

…and I agree, I don't need lots of money to make for a happy life (in most cases, more money=more problems). We are a very materialistic nation, having studied industrial organizational psychology many businesses employ psychologists to help market their products. Fear tactics and creating a need for their products in advertising/branding is a very common practice. A friend of mine graduated with a PhD in I/O Psychology and is making BANK (starting salaries are ~$500,000 either with a practice or in house).

 

[Meandmunch]

I hate to say it boring Bill Microsoft Gates makes every other Billionaire on the list (including you Mr. Jobs) look like a cheapass tightwads.

Go Bill!

With that kind of money properly managed his fortune could and should generate billions for charities well, forever.

 

[inlovewithi]

I will rip you for it. Hyperbole FTW?

If you cannot afford the $400,000 or $40,000 degree then I would suggest you have your priorities wrong or most likely you are not qualified to have them. As in, there are many programs out there which offer assistance. There are many ways to fund your schooling. The problem with people like you is that your resort to whining when the winners resort to making the adjustments necessary to achieve their goals.

What most people fail to realize, either because they cannot or will not is, not all people are created equal. I am not talking from a wealth stand point, I am talking about ability. Far too many skated through school not giving a damn only to end up on message boards decrying how unfair life is and how ITS ALL NOT THEIR FAULT (which you scream out).

Yes there are times when things are not your fault, those end the moment you give up and don't try to correct them to the best of your ability. I know people who worked two jobs to pay for school. They had no life outside of school and work, guess what, they have more money than I do and I am not one bit jealous. They are successful because they saw their goal and saw all the hurdles in front of them and instead of whining for someone to do it for them they did what they needed to meet their goals. You can find stories about people doing this to this day.

My favorite quote rings so true with you:

Winners compare their achievements to their goals, losers compare theirs to that of others.

I agree with many of the things you said, except that having the disadvantage is going to make it many, many, many times harder for the hard worker who came from poverty. Life is not as simple as you make it out to be. What you say about hard work is true, but you sound very naive, or lack the ability to understand or relate to the life of others.

 

[OllyW]

The problems that cause unhappiness are all the same, and they can be boiled down to one word: selfishness.

Money does not create happiness, you do.

Didn't Gates cash in 2b of stock one year, freaking everyone out? A day later it came out that he just needed some cash (around the time he built his house/compound), since his worth was almost 100% stock, which can't buy anything. Boy needed some pocket change for dinner.

Less tax. And see other comments about what that does to the company, or even the whole market.

So you are saying if you have got billions worth of shares you can't sell them because it will damage the market?

What are you supposed to do with them?

 

[greytmom]

So you are saying if you have got billions worth of shares you can't sell them because it will damage the market?

What are you supposed to do with them?

Whatever the hell you want to do with them, since they are yours.

 

[cvaldes]

It's likely that Steve Jobs is donating anonymously.

It's actually a more efficient use of time. You can focus on your specific interests, cut a few checks and say, "keep it quiet." Once you donate publicly, you have to fend off other organizations asking why you won't donate to them.

Knowing Steve's personality, it's perfectly credible that he has implemented a "no-tell" policy for charitable contributions for optimum efficiency. It keeps things elegantly simple.

 

[OllyW]

Whatever the hell you want to do with them, since they are yours.

That's what I thought.

Right?! Insane. It's great that he's worked hard and amazing that he brought Apple back from near bankruptcy to a powerhouse. Yet many don't realize, this isn't a norm and Apple now builds/produces their products in China, as they are "Designed in California". So our money has gone to Foxconn and other companies, not much has gone back to the U.S. given Apple's/Jobs' stance on keeping Cupertino small employee wise.

To be fair, most of his wealth has come from selling Pixar to Disney so it's not all come from cheap Chinese labour.

 

[halledise]

they omitted #1 and #2 from the list.

Hosni Mubarak - est $85b
Moamar Gaddafi - est $80b (albeit 'frozen')

now that's capitalism

 

[gonnabuyamacbsh]

Damn Gates is giving away 28bil!

guys a ****ing saint! No way could I give away that much even if I was a billionaire. Can't really blame steve for holding on to his billions since my greedy ass would do the same

 

[juicedropsdeuce]

Yet he doesn't give a dime away. He is still regarded as one of the worst billionaire philanthropists. He eliminated corporate philanthropy when he took over in 1997. He may be a visionary and industrial leader. However, he is a poor leader if he is not willing to speak about charity.

Exactly. He is only to be admired as a shrewd business person, but not someone who cares at all about leaving the world a better place. Making toys like phones and tablets does not count, sorry.

 

[profets]

Not sure if it was mentioned but what really blows my mind is Mark Zuckerberg having a net worth of 13.5 billion all from one website.

 

[AppleScruff1]

It's likely that Steve Jobs is donating anonymously.

It's actually a more efficient use of time. You can focus on your specific interests, cut a few checks and say, "keep it quiet." Once you donate publicly, you have to fend off other organizations asking why you won't donate to them.

Knowing Steve's personality, it's perfectly credible that he has implemented a "no-tell" policy for charitable contributions for optimum efficiency. It keeps things elegantly simple.

Why" He likes to brag about everything else, why would he hide charity? He could say how amazing it was to donate. Marvelous! Amazing! Revolutionary! Fantastic!

 

[Old Muley]

Steve (or Bill or Warren or whoever) could send a little of that cash to Wisconsin right now to help out with our financial "crisis". We even have a city already named after Mr. Jobs; Stevens Point.

 

[Benjamins]

I hate to say it boring Bill Microsoft Gates makes every other Billionaire on the list (including you Mr. Jobs) look like a _broke-ass_.

lol fixed that for you.

 

[puckhead193]

so when jobs and bill gates go out to lunch who pays the bill that's the real question...