The Pete Best of Investing

I recently saw the movie Jobs. Unfortunately, it’s not very good, which is too bad because I think the story has the potential to make for a really good movie.

One part of the Apple ($AAPL) story that wasn’t covered was the involvement of Ronald Wayne. When Apple was formed, Steve Jobs got 45% ownership, Steve Wozniak got 45%, and Ronald Wayne got 10%. The company was formed on April 1, 1976. They were working out of a garage at this point. Wayne decided to relinquished his stock on April 12, 1976. His proceeds: $800.

Today, 10% of Apple is worth about $45 billion.

Last year, Alex Plane of the Motley Fool wrote about Wayne’s blunder.

Posted by on August 27th, 2013 at 3:04 pm

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