Steven Paul Jobs ; February 24,1955–October 5, 2011) was an American businessman and visionary widely recognized (along with his Apple business partner Steve Wozniak) as a charismatic pioneer of the personal computer revolution. He was co-founder, chairman, and chief executive officer of Apple Inc. Jobs was co-founder and previously served as chief executive of Pixar Animation Studios; he became a member of the board of directors of the Walt Disney Company in 2006, following the acquisition of Pixar by Disney.
Born Steven Paul Jobs
February 24, 1955
San Francisco, California, US
Died October 5, 2011 (aged 56)
Palo Alto, California, US
Nationality American
Occupation Co-founder, Chairman and CEO, Apple Inc., CEO, Pixar, Co-founder and CEO, NeXT Inc.
Years active 1974–2011
Net worth $7.0 billion (September 2011)
Board member of The Walt Disney Company, Apple Inc.
Spouse Laurene Powell
(1991–2011, his death)
Children 4 – Lisa Brennan-Jobs, Reed, Erin, Eve
Relatives Mona Simpson (sister)
Signature
In 1986, he acquired the computer graphics division of Lucasfilm Ltd, which was spun off as Pixar Animation Studios. He was credited in Toy Story (1995) as an executive producer. He remained CEO and majority shareholder at 50.1 percent until its acquisition by The Walt Disney Company in 2006, making Jobs Disney's largest individual shareholder at seven percent and a member of Disney's Board of Directors.] Apple's 1996 buyout of NeXT brought Jobs back to the company he co-founded, and he served as its interim CEO from 1997, then becoming permanent CEO from 2000, onwards, spearheading the advent of the iMac, iTunes, iPod, iPhone, and iPad.
In buying NeXT, Apple also "acquire[d] the operating system that became Mac OS X." From 2003, Jobs fought an eight-year battle with cancer, and eventually resigned as CEO in August 2011, while on his third medical leave. He was then elected chairman of Apple's board of directors.
On October 5, 2011, around 3:00 p.m., Jobs died at his home in Palo Alto, California, aged 56, six weeks after resigning as CEO of Apple. A copy of his death certificate indicated respiratory arrest as the immediate cause of death, with "metastatic pancreas neuroendocrine tumor" as the underlying cause. His occupation was listed as "entrepreneur" in the "high tech" business.
In 1986, he acquired the computer graphics division of Lucasfilm Ltd, which was spun off as Pixar Animation Studios. He was credited in Toy Story (1995) as an executive producer. He remained CEO and majority shareholder at 50.1 percent until its acquisition by The Walt Disney Company in 2006, making Jobs Disney's largest individual shareholder at seven percent and a member of Disney's Board of Directors. Apple's 1996 buyout of NeXT brought Jobs back to the company he co-founded, and he served as its interim CEO from 1997, then becoming permanent CEO from 2000, onwards, spearheading the advent of the iMac, iTunes, iPod, iPhone, and iPad. In buying NeXT, Apple also "acquire[d] the operating system that became Mac OS X."From 2003, Jobs fought an eight-year battle with cancer, and eventually resigned as CEO in August 2011, while on his third medical leave. He was then elected chairman of Apple's board of directors.
On October 5, 2011, around 3:00 p.m., Jobs died at his home in Palo Alto, California, aged 56, six weeks after resigning as CEO of Apple. A copy of his death certificate indicated respiratory arrest as the immediate cause of death, with "metastatic pancreas neuroendocrine tumor" as the underlying cause. His occupation was listed as "entrepreneur" in the "high tech" business.
1) Not A Single Downgrade Today
Jobs' resignation is arguably the worst news out of Apple (AAPL) in years and the Wall Street crowd didn't even blink. 49 out of 51 analysts currently rate Apple a "BUY" with an average price target of $497 a share (according to Factset Data), which is roughly 32% above yesterday's closing price. The Jobs shocker was met not with a flurry of downgrades and panic selling, but rather with a chorus of reiterations and calls to buy on any weakness.
2) Jobs' Stake in Disney Is Twice As Big As His Slice of Apple
As a result of his Pixar sale, Steve Jobs owns 7.4% of Disney (DIS), or 138 million shares, worth roughly $4.5 billion. At the same time, his latest disclosed stake in Apple of 5.5 million shares, represents roughly 0.5% of the total float and is worth about $2.1 billion. His stake in Apple doesn't even make him a top 20 shareholder. In Disney, Jobs' is the top shareholder. His stake is way above Fidelity, Blackrock, State Street, and Vanguard which own chunks ranging from 3 to 4.5%.
3) Apple Gets Sued Almost Every Day
When you have grown to $350 billion in market value with a massive global reach, it is safe to say that you are a large target with deep pockets. In just August alone, 13 lawsuits have been disclosed pertaining to privacy violations in South Korea, class action in the US, numerous patent challenges, as well as a claim of price fixing.
4) Apple Has Not Missed A Quarterly Estimate in Nearly 9 Years
According to Factset, Apple has "beat the street" for 35 consecutive quarters - the longest streak of any company in the S&P 500 except for Cognizant Technology (CTSH). And speaking of earnings, the $7.3 billion net income Apple reported in July made it the largest contributor to earnings growth in the S&P 500 for the 2nd quarter. With Apple, S&P 500 earnings were up 11.8% in Q2. Without it, S&P 499 earnings would have risen only 10.0%.
5) Apple Has Not Traded Under $100 a Share Since March 18, 2009
What's even more astounding is that on a split adjusted basis, (there have been 3) Apple's IPO price is $2.75 a share. For the record, the actual IPO was done on December 12, 1980 at $22.00 a share. If you bought 1,000 shares of the Apple IPO, your $22,000 investment would be worth $2.9 million today.
6) Steve Jobs Personally Holds Over 300 Patents
According to the New York Times, it's actually 313 patents. But what is more telling is the amount that some of his billionaire tech peers have: 9 for Bill Gates and about a dozen for Sergei Brin and Larry Page. Most of Jobs' patents are tech-related, but the Apple founder even holds a patent for a glass staircase.
Birthplace: San Francisco, California
Died: 5 October 2011 (cancer)
Best Known As: The co-founder and mastermind of Apple computers
Steve Jobs was a college dropout when he teamed up with Steve Wozniak in 1976 to sell personal computers assembled in Jobs' garage. That was the beginning of Apple Computers, which revolutionized the computing industry and made Steve Jobs a multimillionaire before he was 30 years old. He was forced out of the company in 1985 and started the NeXT Corporation, but returned to his old company in 1996 when Apple bought NeXT. Steve Jobs soon became Apple's chief executive officer and sparked a resurgence in the company with products like the colorful iMac computer and the iPod music player. Steve Jobs was also the CEO of Pixar, the animation company responsible for movies like Toy Story and Monsters, Inc. Pixar was purchased by the Walt Disney Company in 2006 for $7.4 billion in stock; the deal made Jobs the largest individual shareholder of Disney stock. Jobs was diagnosed with pancreatic cancer in 2003 and had surgery in July of 2004, and was criticized by some for not disclosing his illness to stockholders until after the fact. His health was in the news again in 2008, when his extreme weight loss sparked rumors that his cancer had recurred. Jobs refused to speak publicly about his health, but in January of 2009 he took a formal six-month leave of absence from Apple, saying that his health problems were "more complex than I originally thought." He had a liver transplant later that year and returned to work at Apple in June of 2009. In January of 2011 he again announced, without offering details, that he was taking a medical leave of absence. He resigned as Apple CEO on 24 August 2011, saying "I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let you know. Unfortunately, that day has come." He remained with the company as Chairman of the Board until he died about five weeks later.
Some sources list Los Altos, California as Steve Jobs's place of birth. However, in a 1995 oral history interview with The Smithsonian, Jobs said, "I was born in San Francisco, California, USA, planet Earth, February 24, 1955." Jobs was given up for adoption after birth and raised by his adoptive parents in Silicon Valley... His biological sister is novelist Mona Simpson, the author of Anywhere But Here... Jobs attended Reed College in Portland, Oregon for one semester in 1972 before dropping out... He married the former Laurene Powell on 18 March 1991. They have three children: Eve, Erin, and Reed. Jobs also has a daughter, Lisa Brennan-Jobs, born in 1978 to Jobs and his then-girlfriend Chrisann Brennan.
Steve Jobs will long be remembered for his technological innovations that changed millions of lives. But here are some little-known facts about Apple's former CEO.
1. He tried LSD: He reportedly said it was "One of the two or three most important things I have done in my life."
2. He dated Joan Baez: Jobs dated the folk singer when he was in his 20's.
3. He was a vegetarian: PETA praised Jobs for his vegetarianism and his support of animals.
1. He tried LSD: He reportedly said it was "One of the two or three most important things I have done in my life."
2. He dated Joan Baez: Jobs dated the folk singer when he was in his 20's.
3. He was a vegetarian: PETA praised Jobs for his vegetarianism and his support of animals.
4. He saved Pixar: Jobs purchased the company from George Lucas' LucasFilm for $5M in 1986. The first film produced by Pixar under Jobs was the critically acclaimed "Toy Story."
TRIBUTE: Steve Jobs: Dents in the Universe
5. He was Disney's largest shareholder: He became Disney's largest shareholder when the company bought Pixar in 2006.
6. He was offered an internship with Hewlett-Packard ... in eighth grade: As an eighth-grader, he called William Hewlett, co-founder of Hewlett-Packard, to inquire about a part missing from a frequency counter he was assembling, the New York Times reports. Hewlett reportedly spoke to Jobs for 20 minutes, then offered him a bag of parts and a summer internship.
7. He and Steve Wozniak originally sold "blue boxes": The duo reportedly built so-called "blue boxes" that could trick phones into allowing users to make free calls to anywhere in the world. They reportedly raised a total of $6,000.
ANALYSIS: Steve Jobs and Apple: Looking Back and Forward
8. He was homeless: “I didn’t have a dorm room,” he said in a commencement address given at Stanford in 2005, “so I slept on the floor in friends’ rooms, I returned Coke bottles for the 5-cent deposits to buy food with, and I would walk the seven miles across town every Sunday night to get one good meal a week at the Hare Krishna temple."
9. He patented the glass staircase in the Apple Store: He is listed among the group of inventors for 317 Apple patents.
10. He drove without a license plate for years: Jobs drove his 2007 Mercedes-Benz SL55 for years with no official license plate, just a barcode, according to USA Today.
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