|Net Worth:||$10 Million|
|Date of Birth:||Aug 11, 1950 (71 years old)|
|Profession:||Programmer, Engineer, Entrepreneur, Businessperson, Inventor, Computer Scientist, Scientist, Actor, Film Producer|
|Nationality:||United States of America|
Steve Wozniak’s net wealth and salary
He is a $10 million dollar computer engineer from the United States. Steve Wozniak is most known for being one of Apple’s three co-founders. In Cupertino, California, he co-founded the firm with Steve Jobs and Ronald Wayne on April 1, 1976.
If you were anticipating Woz to have a considerably higher net worth, perhaps $100 million or more, keep in mind that he has given away the majority of his fortune. In the early 1980s, he not only gave away what would have been hundreds of millions of dollars in early Apple shares to angry coworkers, but he also donated incalculable millions to charity.
Woz acknowledged in November 2019 that he has donated the “great bulk” of his net worth to charity, primarily to children’s education organizations. He now makes the majority of his money through speaking engagement fees.
Steve was up in San Jose, California, where his father worked for Lockheed Corporation as an engineer. He went to Homestead High School, where Steve Jobs was a few years behind him. Woz attended the University of Colorado at Boulder for a semester. After compromising the school’s computer systems to transmit hoax messages, he was expelled.
He attended De Anza College and later UC Berkeley after returning to California. Woz met Jobs through a friend named Bill Hernandez. At Homestead High, Hernandez and Jobs were a few grades behind Woz. Later, Woz would recount his meeting with Jobs through Hernandez as follows:
“We initially met in 1971, when I was in college and he was still in high school. ‘You should meet Steve Jobs since he enjoys electronics and pulls pranks,’ a friend said.”
Woz dropped out of Berkeley and went to work for Hewlett-Packard inventing calculators. Jobs was also hired by HP. This is where the two became truly close.
Wozniak began working on what would become the Apple 1 computer in 1975. Jobs encouraged Woz to form a firm with him after being impressed by what he saw. Woz felt bad about inventing the Apple 1 while working for HP, so he demanded that HP be given the chance to purchase the technology. When HP turned them down, Woz and Jobs decided to start their own company.
Jobs sought funding from a coworker at Atari named Ronald Wayne. Ronald contributed some initial funding, drew up the partnership documents, wrote the first Apple 1 manual, and offered general “adult supervision” for the young upstart in exchange for 10% of the company. Ronald sold his 10% stock to Jobs and Woz for $800 just 12 days later, in what may be the worst financial decision in history.
Apple’s revenues were $175,000 in 1976. Revenues increased to $2.7 million in 1977. After $117 million in sales, Apple went public in 1980. Over 300 Apple employees became millionaires as a result of the IPO. On paper, Woz and Jobs were each valued hundreds of millions of dollars. Woz was worth less than he may have been since he had a practice of giving away shares to coworkers who he thought deserved a larger interest in the company.
Following in the footsteps of Apple
In 1981, Woz was in a near-fatal plane crash that left him with severe brain trauma. He virtually stopped working at Apple for several years as a result of the incident, during which time he finished his degree (under a false name) at UC Berkeley.
Steve returned to Apple at some point, but by 1985, he had departed again. He never officially resigned or ended his association with Apple, according to the law. Woz is still identified as an Apple employee and earns a $120,000 annual stipend for promoting the firm at public events. In the year 2000, Wozniak was admitted into the National Inventors Hall of Fame. He started Woz U, an online technical school, in 2017.
In 1990, Woz helped found the Electronic Frontier Foundation. He is a big supporter of the Children’s Discovery Museum of San Jose, the Tech Museum, and the Silicon Valley Ballet, among other institutions. He is the sole source of finance and technical assistance for his local Los Gatos school district.
Woz declared in November 2019 that he had donated the vast majority of his money, likely hundreds of millions of dollars, to charity. He elaborated:
“I never wanted to be wealthy, so I gave it away… By speaking, I am able to support my family. I’ve done well, and we can live here comfortably, but we’re not wealthy. Justice and equality are more important to me than money.”
Wozniak is a Californian who lives in Los Gatos. He’s been married four times in his life. Since 2008, he has been married to Janet Hill. From a previous marriage, he has three children.
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