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Apple cofounder Ronald Wayne sold his 10% stake for $800 in 1976—today it’d be worth up to $300 billion
Steve Jobs and Steve Wozniak are often known as the brains behind the $3 trillion tech giant, Apple, but the company’s original third cofounder sold out early for just $800.
As new investors came on board and the company went public, the ownership stakes of Jobs and Wozniak were diluted over time—an outcome Ronald Wayne likely would have faced, too. In the company’s first days, Jobs borrowed $15,000 to complete a purchase order of “50 or 100 computers” from The Byte Shop, a retail outlet that had a history of not paying their bills, Wayne recalled to Business Insider in 2017. To make ends meet, he’s relied on renting out part of his property, as well as, cashing in on his monthly Social Security check.
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