Apples Forgotten Third Founder Claims He Still Owns 10%. So Why Isnt He a Billionaire?
News Source : PCMag.com
News Summary
- Ronald G. Wayne founded what was then known as the Apple Computer Company with Steve Jobs and Steve Wozniak.
- The Steves each got a 45% stake of the fledgling company, and Wayne received 10%.
- Wayne, fearing liability should the start-up run into financial trouble, legally removed his name from the Apple partnership.
- Today, Apple's market cap is some $3.6 trillion, meaning that had Wayne held onto his share, he'd be an obscenely rich man.
Fifty years ago today, on April 1, 1976, Ronald G. Wayne founded what was then known as the Apple Computer Company with Steve Jobs and Steve Wozniak, his coworkers at the game maker Atari. The Steves [+10510 chars]
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