Steve Wozniak Net Worth: $15 Million (approx.)
|Net Worth:||$15 Million (approx.)|
|Date of Birth:||Aug 11, 1950|
|Profession:||Programmer, Engineer, Entrepreneur, Businessperson, Inventor, Computer Scientist, Scientist, Actor, Film Producer|
|Nationality:||United States of America|
Steve Wozniak net worth is around $15 million. Stephen Wozniak also known by his nickname “Woz”, is an American electronics engineer, computer programmer, inventor, philanthropist, and technology entrepreneur, co founder of Apple.
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How Much is Steve Wozniak Net Worth?:
Steve Wozniak net worth is around $15 millions. Steve Wozniak is most-famous for being one of 3 co-founders of Apple. Steve Wozniak co-founded the company on April 1, 1976 with Steve Jobs and Ronald Wayne in Cupertino, California.
One may expect him to be multi millionairebut Steve Wozniak has given away the majority of his wealth. Steve Wozniak has given away what would have eventually hundreds of millions of dollars worth of early Apple shares to disgruntled fellow engineers in the early 1980s. Steve Wozniak has also contributed untold millions to charity.
In November 2019, Steve Wozniak confirmed that he had given away the “vast majority” of his net worth to charity, primarily to organizations focused on children’s education. Today he lives primarily off speaking engagement fees.
Steve Wozniak Biography
Steve Wozniak grew up in San Jose, California where his father worked as an engineer for the Lockheed Corporation. Steve Wozniak attended Homestead High School where Steve Jobs would also attend many years behind. For college Steve Wozniak briefly attended the University of Colorado at Boulder. Steve Wozniak was expelled after hacking the school’s computer systems to send prank messages.
After returning to California Steve Wozniak attended De Anza College and then UC Berkeley. Through a friend named Bill Hernandez, Steve Wozniak met Steve Jobs. Hernandez and Jobs were a few grades behind Woz at Homestead High. Steve Wozniak would later describe his introduction to Jobs through Hernandez as follows:
“We first met in 1971 during my college years, while he was in high school. A friend said, ‘you should meet Steve Jobs because he likes electronics, and he also plays pranks.“
Steve Wozniak soon took a job at Hewlett-Packard designing calculators and dropped out of Berkeley. Jobs also got a job at HP. This is where the duo truly bonded.
After HP, Steve Jobs was hired by video game maker Atari where company founder Nolan Bushnell offered a $100 bounty for each chip that was eliminated in a game called Breakout. With little knowledge of circuit board designs, Jobs brought the challenge to Steve Wozniak and offered him half of the bounty they received. Steve Wozniak ended up removing 50 chips from the game. There would later be some controversy over how forthright Jobs was with Woz about the money he ended up receiving from Bushnell. Jobs apparently told Steve Wozniak that Bushnell only gave him $700 when in fact he had been paid $5,000.
In 1975, Steve Wozniak began designing Apple 1 computer. Impressed by what he was seeing, Jobs prodded Steve Wozniak to launch a company together. Steve Wozniak felt guilty about creating the Apple 1 while working at HP so he insisted that HP be given the opportunity to buy the technology. When HP declined, Steve Wozniak and Jobs set out to create their own company.
For financing, Jobs reached out to a co-worker at Atari named Ronald Wayne. In exchange for 10% of the company, Ronald provided some startup capital, drew up the partnership documents, write the very first Apple 1 manual and provide a general level of “adult supervision” for the young upstart. In what might be the worst business decision in history, just 12 days later Ronald sold his 10% stake back to Jobs and Woz for $800.
Steve Wozniak and Jobs assembled the first prototypes of the Apple computer in Jobs’ bedroom and later in Jobs’ garage.Around 200 Apple 1 units were produced. All but 25 sold. They each cost $666.66.
In 1974, Woz led the team that designed and developed the first commercially successful lines of personal computers, the Apple II series. Steve Wozniak is credited with being the sole creator of the original Apple hardware, operating system, and circuit board designs. Steve Wozniak machines and inventions are credited with influencing the personal computer revolution in the 1970s.
In 1976, Apple’s revenues were $175,000. In 1977 revenues grew to $2.7 million. Apple went public in 1980 after doing $117 million in sales. The public offering made over 300 employees at Apple instant millionaires. Steve Wozniak and Steve Jobs would both soon be worth hundreds of millions of dollars on paper. Steve Wozniak was worth less than he could have been due to his habit of giving shares away to co-workers he thought deserved a bigger stake in the company.
Steve Wozniak was involved in a nearly-fatal plane crash in 1981 that left him with serious brain trauma. The event caused him to essentially stop working at Apple for many years, during which time he completed his degree (using a fake name) at UC Berkeley.
Steve Wozniak returned to Apple at some point but left again by 1985. Technically he never resigned or officially severed his relationship with Apple. To this day Steve Wozniak is listed as a current employee of Apple and receives an annual stipend of $120,000 for representing the company at public events.
Steve Wozniak co-founded Wheels of Zeus (WoZ, also his nickname) in 2001, to create wireless GPS technology in order to help the average person on the street find everyday things more easily.
Since leaving Apple, Steve Wozniak has provided all the money, as well as a good amount of on-site technical support, for the technology program in his local school district. Un.U.Son (Unite Us In Song), is an organization Steve Wozniak formed to support his educational and philanthropic projects.
Steve Wozniak was inducted into the National Inventors Hall of Fame in 2000. In 2017 Steve Wozniak founded Woz U, an online technical school.
Steve Wozniak helped form the Electronic Frontier Foundation in 1990. Steve Wozniak is a major donor to several museums and organizations including the Children’s Discovery Museum of San Jose, the Tech Museum and the Silicon Valley Ballet. He provides all the funding and technical support to his local Los Gatos school district schools.
In November 2019 Steve Wozniak revealed that he had given the vast majority of his wealth to charity, presumably hundreds of millions of dollars. He explained:
“I never wanted to be rich so I gave my wealth away… I support my family by speaking. I’ve done well and we can afford to live here but are not super rich. I care more about justice and equality than money.“
Steve Wozniak Wife, Childrens:
Steve Wozniak lives in Los Gatos, California. Steve Wozniak has been married 4 times. Steve Wozniak has been married to Janet Hill since 2008. He has 3 children from a previous marriage.
Steve Wozniac quotes About Money
“Don’t work for money – it will wear out fast, or you’ll never make enough and you will never be happy, one or the other… You have to find the intersection of doing something you’re passionate about and at the same time something that is in the service of other people.”