Thursday, April 12, 2012

On this day in 1976, Apple co-founder Ronald Wayne sold his 10% stake for $2,300

On this day in 1976, Apple co-founder Ronald Wayne sold his 10% stake for $2,300

. On April 12th, 1976, one of three co-founders of Apple Computer sold his 10% stake in the company for $2,300. Ronald Wayne says he made the “best decision with the information available to me at the time” when he chose to sell his shares in the emerging technology firm. Unlike counterparts Steve Jobs and Steve Wozniak, Wayne had capital on the line and stood to lose his assets if Apple went under. Had he retained his full stake in Apple to this day, it would currently be worth nearly $60 billion.

Boy Genius Report, On this day in 1976, Apple co-founder Ronald Wayne sold his 10% stake for $2,300

No comments:

Post a Comment