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Forbes lists Steve Jobs as 42nd richest American

Apple chief executive Steve Jobs, with a net worth $6.1 billion, came in 42nd place on Forbes' annual list of the 400 wealthiest Americans.

As Apple stock continues to soar, hitting a record closing high of $287.75 on Wednesday, the news came that Jobs had climbed one spot on Forbes' 2010 list. Jobs' net worth last year was $5.1 billion, down from $5.7 billion the previous two years.

Forbes calculated this years' results in August.

Much of Jobs' wealth comes from being the primary stockholder of Walt Disney Co. According to Forbes, his share of the world's largest media conglomerate is valued at approximately $4.4 billion. Disney acquired Pixar in 2006 through an all-stock transaction. At the time, Jobs owned half of Pixar's stock, which converted into 138 million shares of Disney stock and was worth over $4 billion.

Jobs is well-known for his $1 salary as CEO of Apple, although he routinely receives millions of dollars in Apple stock.

Forbes' list caused a stir this year when readers discovered that Facebook founder Mark Zuckerberg passed up Jobs to land at 35th place with a net worth of $6.9 billion. Although Facebook has yet to go public, the company, of which Zuckerberg has a 24 percent share, was recently valued at $23 billion. Microsoft chairman Bill Gates remained at the top of the list for the 17th year in a row with a net worth of $54 billion.



68 Comments

echosonic 18 Years · 462 comments

so...Jobs' Apple stock is valued at 1.7bil?

mactel 19 Years · 1275 comments

Bill isn't the richest man in the world though. I bet Bill gets tired of being #1 especially since Microsoft stock hasn't really gone anywhere in the last decade.

tofino 18 Years · 697 comments

A billion here, a billion there... Soon you're talking about real money!

bushman4 15 Years · 860 comments

Steve Jobs is a genius at what he does. His value at APPLE is recognized by many in the industry as well as many customers.
As a customer I can say that his Creativeness, marketing and being a Visionary in the computing field are proof he has worked hard and deserves the money he has made.

rabbit_coach 15 Years · 1114 comments

Quote:
Originally Posted by BUSHMAN4

Steve Jobs is a genius at what he does. His value at APPLE is recognized by many in the industry as well as many customers.
As a customer I can say that his Creativeness, marketing and being a Visionary in the computing field are proof he has worked hard and deserves the money he has made.

One of the not so many CEO's who is really worth his money.