Steve Wozniak Net Worth
American electronics engineer, computer programmer, philanthropist, and technology entrepreneur Stephen Wozniak, co-founder of Apple, Whose net worth is $100 million. Beginning in 1975, Apple computer development was spearheaded by Steve Wozniak. Steve Wozniak’s generosity has led to a significant decrease in his wealth. Steve Wozniak has assets and investments worth $80 million.
Steve Wozniak, co-founder of Apple, is revered in the tech industry. Despite his distance from the company he helped found, Wozniak continues to be a prominent figure in the technology sector by giving keynote speeches at industry events and publishing insightful articles. In 2009, he appeared on ABC’s “Dancing With the Stars.”Nonetheless, he has a remarkably unique perspective on wealth when compared to his contemporaries.
Steve Wozniak Bio
|Net Worth:||$100 Million|
|Monthly Income:||$3 Million|
|Date of Birth:||August 11, 1950|
|Height:||5 ft 5 in|
|Profession:||Entrepreneur, Programmer, Philanthropist|
Stephen Gary Wozniak was born in San Jose, California, on August 11, 1950. He spent his childhood in San Jose, where his father worked as one of the key engineers for Lockheed Corporation. Wozniak founded Apple Computer in 1976.
Steve Wozniak Education
Steve and Jobs both attended Homestead High School, although He graduated several years before Jobs did. After graduation, Steve and Jobs did not get in touch with one another until much later. After being detected by the staff at the University of Colorado at Boulder hacking the school’s computer system, Steve left the University of Colorado and enrolled at De Anza College instead.
After finishing up his studies at De Anza, he transferred to the University of California, Berkeley. After initially meeting Jobs through a common friend named Bill Hernandez, Woz would eventually form a partnership with Jobs.
Steve Wozniak Career
Woz started work as a calculator designer for Hewlett-Packard. In addition to his position at Apple, Jobs joined HP. They became close friends here.
Atari hired Jobs after he left HP, and Atari founder Nolan Bushnell offered a $100 bounty for each chip lost in the game Breakout. Jobs, who did not know much about circuit board design, presented Woz with the challenge and offered him a split of the prize money. By the end of the round, Woz had taken out fifty of the players’ chips. Later, Jobs’s honesty with Woz regarding the sum of money he received from Bushnell would become a point of contention. According to Woz, Jobs claimed that Bushnell paid him only $700, when in reality he was paid $5,000.
Co-founder of Apple
Wozniak began developing what would become the Apple 1 computer in 1975. Jobs, encouraged by what he saw, encouraged Woz to start a business with him. Even though Woz was working for HP when he developed the Apple 1, he insisted that the company be given the option to purchase the technology. Following HP’s rejection, Woz and Jobs decided to found their own company.
Jobs approached his Atari colleague Ronald Wayne for funding. Ronald invested some seed money, drafted the partnership documents, wrote the first Apple 1 manual, and provided general “adult supervision” in exchange for 10% ownership of the company. Just 12 days later, Ronald sold his 10% stake back to Jobs and Woz for $800, in what may have been the worst business decision in history.
Wozniak and Jobs built the first Apple computers in Jobs’ bedroom and later in his garage, with around 200 Apple 1s being manufactured. Only 25 left unsold. Price per unit is $666.66.
With his team in 1974, Woz created the Apple II series, which became one of the first commercially successful lines of personal computers. Wozniak is widely recognised as the man responsible for developing the first Apple computer, operating system, and printed circuit boards. To a large extent, the personal computer revolution of the 1970s can be traced back to Wozniak’s machines and inventions.
Apple made $175,000 in sales that year. Sales increased to $2.7 million that year. In 1980, after racking up $117 million in revenue, Apple went public. Over 300 Apple employees became millionaires as a direct result of the IPO. In a short time, Woz and Jobs would each be worth hundreds of millions of dollars. As a result of Woz’s propensity to give away shares to coworkers he felt deserved a bigger stake in the company, Woz’s net worth was lower than it otherwise would have been.
Woz suffered severe brain trauma after a plane crash in 1981. He didn’t return to Apple for several years after the incident, instead opting to get his degree (under an assumed name) from the University of California, Berkeley.
There was a period of time when he worked for Apple again, but by 1985 he had left again. So, he never actually quit or severed ties with Apple. As of today, Woz is still listed as an active employee at Apple and is compensated with a $120,000 annual bonus for attending and speaking at industry events.
In 2001, Wozniak co-founded Wheels of Zeus (WoZ, also his nickname) to develop wireless GPS technology to aid the average person in locating commonplace items. Since leaving Apple, Wozniak has funded the entirety of his local school district’s technology programme and provided substantial on-site technical support. The goal of Wozniak’s nonprofit, Un.U.Son (Unite Us In Song), is to fund his philanthropic and educational endeavours.