Steve Jobs’ Personal Wealth Surges, Despite $1 Salary
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As in previous years, Apple (NSDQ: AAPL) CEO Steve Jobs’ salary this year was $1, but that doesn’t seem to be hindering his ability to amass serious wealth. Jobs is now worth at least a billion dollars in Apple stock alone, thanks to that company’s healthy gains in the stock market this year.
Jobs is commonly called eccentric, and his compensation package is no different. In 2009, Apple said in a filing with the SEC that it reimbursed Jobs $4,000 for company travel on his $90 million Gulfstream jet. He did not receive reimbursement for any other common items, such as personal security, AP reports. The Gulfstream was a bonus he received in 1999.
The $4,000 is a lot less than what he normally expenses. Last year, Apple reimbursed Jobs $871,000. But he also took off about six months to get a liver transplant.
It’s not the salary, or the reimbursements that pays the bills for Jobs. He holds 5.5 million shares of Apple’s stock, however, has not sold a single share since he rejoined the company in 1997. In fiscal 2009, Apple’s stock gained about 42 percent, and as of Wednesday when the stock closed at $202.10, Jobs’ holdings were worth about $1.1 billion. That’s easily overshadowed by his stake in The Walt Disney Co. (NYSE: DIS) As the largest single shareholder, his 7.4 percent is currently worth about $4.5 billion.
Posted In: Companies, Apple, iPhone, steve jobs
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