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Key takeaways
- When Steve Jobs had the company, when it originally went public, he owned 15% of the business.
- If he had not sold those shares, that 15% today would be worth 465 billion, making him by far the richest man in the world had he lived to this point and kept his shares.
Chapters
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Abschnitt 1 When Steve Jobs had the company, when it originally went public, he owned 15% of the business.
Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00When Steve Jobs had the company, when it originally went public, he owned 15% of the business. He ended up leaving for a period of time, starting Pixar, and then he came back like 10 years later. When he came back, he was gifted a much smaller percentage of the company. Now, here's where it's crazy. When he originally IPOed Apple, he had 15%. If he had not sold those shares, that 15% today would be worth 465 billion, making him by far the richest man in the world had he lived to this point and kept his shares. The reason that he was never the richest man in the world is because when he sold his shares, he gave up a lot of his risk. He gave up a lot of his upside.