Steve Jobs Named 42nd Richest American by Forbes

**Michael Essany** · 09-23-2010, 08:11 AM

Steve Jobs owes the collective Apple fan base and investor fanatics a big thank you today. Fr Jobs, the prestigious honor by Forbes - being named to the list of the 400 wealthiest Americans - comes at a time when Apple (the company, stock, and products) is hotter than ever. As a result of record sales for iDevices, Jobs and his company continue to amass unprecedented wealth - so much so, in fact - that Jobs placed number 42 on the list this year.

At present, Steve Jobs has an estimated net worth in excess of $6 billion. Not bad for a dude who earns just $1 from his annual salary as CEO of Apple (I wonder if that's broken up into bi-weekly payments throughout the year?). Jobs, however, still nets millions on a regular basis from his huge inventory of Apple stock, which - of late - has been worth its weight in gold. According to Forbes, however, a mega chunk of Jobs' wealth actually comes from being the primary stockholder of Walt Disney Co.

Overall, it's been a great year for Jobs, who saw his net worth climb by nearly 1 billion dollars since he placed 43 on last year's list with a paltry net worth of a meager $5.1 billion. Yet, despite the Forbes accolades and being "back in the high life again," Facebook founder Mark Zuckerberg - whose company hasn't even gone public yet - left Stevie in the dust, placing 35th on the list with a net worth of $6.9 billion.

Forbes

**zoso10** · 09-23-2010, 08:15 AM

paltry net worth of a meager $5.1 billion

HAHA yeah!!

The more surprising news with Forbes is that Bill Gates isn't the richest man anymore it's some guy from Mexico

**Turb02** · 09-23-2010, 08:17 AM

Just wait till FB goes public...

**saunupe1911** · 09-23-2010, 08:23 AM

Originally Posted by Turb02

Just wait till FB goes public...

True!

Also, Jobs became instantly rich win he sold Pixar to Disney. I lot of people forget about that. The man created Pixar!

Being the brain behind creating Pixar, iDevices, and Macs is amazing

Disney, where's the Incredibles on Blu Ray

**wolverinemarky** · 09-23-2010, 08:28 AM

Bill Gates hasn't been number 1 in a few years and go Steve go we will help u crush that facebook guy next year lol

Sent from my iPhone using ModMyi

**Be Expressive** · 09-23-2010, 08:30 AM

Spread the wealth

**mastaryan** · 09-23-2010, 08:43 AM

Originally Posted by Michael Essany

Not bad for a dude who earns just $1 from his annual salary as CEO of Apple (I wonder if that's broken up into bi-weekly payments throughout the year?).

Forbes

As a tax accountant I find it hard to believe that Jobs only gets $1 as his salary. Corporations make you pay a reasonable salary if you're an officer. I'm arguing with agents today, in my office, right now about a woman who have revenue in the $100-110K range and pays herself only $20K and they fuss that its not enough. She only nets around $10-15K after expenses. So him getting paid only $1 can't be true.

I get that its favorable, because most of his income is dividends and taxed at 15%. If he was paid "reasonable" he would definitely be in the higher 35% bracket.

**Okay, I did my research, Apple's latest proxy statement said they only paid him $1 in salary.** I had to print that out for the IRS agents and hand it to them. Take that IRS!

**Poseidon79** · 09-23-2010, 09:19 AM

He forgoes his cash salary and gets paid in stock options.

**iLoveWindows&iPhone** · 09-23-2010, 10:06 AM

If I had a fantasy corporation, I would take Steve Jobs as my number 1 pick over "that facebook guy" anyday!

**politicalslug** · 09-23-2010, 10:10 AM

That is both sad and pathetic. Steve Jobs (and Steve Wozniak) founded Apple, the largest (by value) technology company in the world, yet neither is worth as much as Zuckerfukker? Facebook isn't worth anything at present. They haven't taken the company public. Facebook's value is determined by the same investors that have a huge stake in the valuation being high. That's dishonest and retarded. Steve's fortune is only as high as it is because he sold all his Apple stock when the company he built fired him. Someone should give him John Sculley's preserved head in a jar and a few more stock options. He's worth it.

**Teoyaomqui** · 09-23-2010, 10:24 AM

Oh Crab!!!!!

He is getting closer to Bill Gates!!!!

Jobs only needs 48 Billion more.

What a Joke.

**MindGem** · 09-23-2010, 10:27 AM

42nd? Jobs, you suck.

**RICO_** · 09-23-2010, 10:42 AM

Good for him. He's a rich pr!ck who downplays problems with his products. So what else is new?

Moving on...........

**punjabi212** · 09-23-2010, 12:34 PM

Originally Posted by Teoyaomqui

Oh Crab!!!!!

He is getting closer to Bill Gates!!!!

Jobs only needs 48 Billion more.

What a Joke.

LOL I was thinking the same thing. Gates > Jobs

**Krazyfool88** · 09-23-2010, 12:42 PM

Originally Posted by zoso10

HAHA yeah!!

The more surprising news with Forbes is that Bill Gates isn't the richest man anymore it's some guy from Mexico

The richest American is "some guy from Mexico?" That's weird.

Fun fact: Bill Gates is the richest American by a lot.

**tsatryan** · 09-23-2010, 12:59 PM

Originally Posted by Michael Essany

This wins the award for cheesiest photoshop ever on this site.

**tudtran** · 09-23-2010, 01:18 PM

Damn. That is a lot of money. I'm happy with just 0.001% of his wealth.

**EskimoRuler** · 09-23-2010, 01:18 PM

O Great now we'll never get Facebook connect on Ping, Jobs is probably pissed lol

**tudtran** · 09-23-2010, 01:39 PM

how much money did steve holding up there?

**whereswaldo** · 09-23-2010, 02:03 PM

I had forgot he owned disney stocks, and i was confused when everyone in disneyworld had apple products

Originally Posted by Krazyfool88

The richest American is "some guy from Mexico?" That's weird.

Fun fact: Bill Gates is the richest American by a lot.

Actually, he barely beats out Warren Buffet. and I think he meant forbes list of richest people in the world, because a mexican phone company owner has that title.

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.

Thread: Steve Jobs Named 42nd Richest American by Forbes

Mac News

General Apple/Mac

Steve Jobs owes the collective Apple fan base and investor fanatics a big thank you today. Fr Jobs, the prestigious honor by Forbes - being named to the list of

The Following 2 Users Say Thank You to Michael Essany For This Useful Post:

The Following User Says Thank You to mastaryan For This Useful Post: