Friday 29 April 2016

Having a bad day in the stock market ? Meet the forgotten Apple founder who missed out on $35 BILLION after selling his shares for $800 in 1976


The unluckiest man in the world: Meet the forgotten Apple founder who missed out on $35 BILLION after selling his shares for $800 in 1976


  • Ron Wayne was one of the original founders of Apple

  • He sold his shares for $800 in 1976 - today they'd be worth $35 billion

  • Wayne left Apple because he found Jobs difficult to work with

  • He describes Jobs as stubborn, cold and argumentative

Ron Wayne was one of the three original founders of Apple in 1976, along with Steves Wozniak and Jobs. Forty-two at the time, Wayne provided much-needed adult supervision in a company of young creatives.

Wayne drew the first Apple logo, wrote the three men's original partnership agreement, and wrote the Apple I manual, but his name is virtually unknown, and in the Ashton Kutcher biopic of Steve Jobs, his role in the tech giant's past is glossed over. 

Wayne, 79, hopes Jobs will reveal that the late design genius' darker side - a side Wayne clashed with and which eventually resulted in him selling his share of Apple for $800.

Wayne founded Apple Computer alongside 21-year-old Jobs and 25-year old Steve Wozniak on April 1, 1976. The three worked together at Atari.

Not even two weeks later, Wayne relinquished his 10 per cent stock share of the company for just $800. Had he retained his company shares, they would be worth $35 billion today.

'I made a decision that allowed me to pursue my interest. I honestly don’t regret walking away at all,' Wayne said.
'I knew the Wozniak design for a personal computer was going to be a successful product. But who could have anticipated it would be what it is today?

'If I had stayed with Apple and accepted the limitations on my philosophy of life I could have well ended up the richest man in the cemetery. I was in my 40s, these kids were whirlwinds. It was like having a tiger by the tail.'


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