Steve Wozniak’s net worth is not definitively known, but it is estimated to be around $100 million. He continues to receive a stipend from Apple for his role as an employee emeritus. In 2006, this stipend was estimated to be $120,000 per year
I gave all my Apple wealth away because wealth and power are not what I live for. I have a lot of fun and happiness. I funded a lot of important museums and arts groups in San Jose, the city of my birth, and they named a street after me for being good. I now speak publicly and have risen to the top. I have no idea how much I have but after speaking for 20 years it might be $10M plus a couple of homes. I never look for any type of tax dodge. I earn money from my labor and pay something like 55% combined tax on it. I am the happiest person ever. Life to me was never about accomplishment, but about Happiness, which is Smiles minus Frowns. I developed these philosophies when I was 18-20 years old and I never sold out.
The 120M aside, which is almost certainly pulled out of someone’s ass, $120k/yr isn’t that much. I’m sure that almost ever engineer at Apple makes more than that.
That’s likely the case for people who are renting and having to take out enormous mortgages so is draining all their income.
But, for someone who got a home fully paid from decades back, so all they have is general expenses they would be comfortable. Which is the case for anywhere even if things are more expensive then other places.
Market realist estimates it to be 100 mil net worth, but is substantially smaller that it once was, at an estimate of 10bil.
Listen - the point is not what he is worth. The point is that even though he has given away all his apple wealth, he is still a very rich man, who can afford to have this point of view.
I think that’s his point. Past a certain level wealth makes no difference to your quality of life. So give it away, make the world better, and still have enough for more than 1 lifetime rather than horde and continue to amass like a cancer.
“I gave all my wealth away”…
The full quote:
Smiles minus frowns.
This right here is the ultimate KPI, yet I’ve never seen it in a dashboard or spreadsheet. Woz is a legend…
The 120M aside, which is almost certainly pulled out of someone’s ass, $120k/yr isn’t that much. I’m sure that almost ever engineer at Apple makes more than that.
120k in silion valley in particular is barely a livable wage. CoL is incredibly high there.
He probably owns his property already, so that’s a huge chunk, but the point still stands.
That’s likely the case for people who are renting and having to take out enormous mortgages so is draining all their income.
But, for someone who got a home fully paid from decades back, so all they have is general expenses they would be comfortable. Which is the case for anywhere even if things are more expensive then other places.
Like, he’s not going to be starving, but it’s not exactly megayacht level either.
I would hope all their engineers make more than that. For Apple that should be entry level.
They literally TOLD YOU THEY DON’T KNOW and you’re still listening to their estimates as if they’re fact.
estimated BY WHO? AND HOW?
Business insider mentions the yearly $120000.
Market realist estimates it to be 100 mil net worth, but is substantially smaller that it once was, at an estimate of 10bil.
Listen - the point is not what he is worth. The point is that even though he has given away all his apple wealth, he is still a very rich man, who can afford to have this point of view.
I think that’s his point. Past a certain level wealth makes no difference to your quality of life. So give it away, make the world better, and still have enough for more than 1 lifetime rather than horde and continue to amass like a cancer.
Yeah. For me though, sayingig that you dont live for wealth and power, when you have enough to live 2 lifetimes comfortably, is kind of ironic.