Ronald Wayne is a well-known retired electronics industry worker from America who is best known to be the co-founder of Apple Computer along with Steve Jobs and Steve Wozniak. He later sold his share for $800 thousand. Following that, Wayne went on to join Lawrence Livermore National Laboratory. He is also an author and has released a memoir called ‘Adventures of an Apple Founder’. Keep reading to know more about Ronald Wayne’s net worth in 2019.
Ronald Gerald Wayne was born on May 17, 1934, in Cleveland, Ohio.
In 1953, he completed his schooling from New York’s School of Industrial Arts. In there, he was trained as a technical draftsman. Following that, he moved to California at the age of 22 years old.
Ronald Wayne came out as openly gay in 1974. He is never married to anyone in his entire life. Despite being a gay, he was having a good relationship with Steve Jobs. They both were employees at Atari, and no one there knew that Wayne was a gay.
In 1971, Ronald Wayne began his career by starting his first business. His company used to sell slot machine. However, the company went on to become a failure.
Following that, he started to work in Atari. In April 1976, he teamed up with Steve Jobs and Steve Wozniak to found Apple Computer. He was under the adult supervision of the venture. He drew the first logo of apple and also was the writer of the partnership agreement of the three men. He was also the writer of the Apple I manual.
In Apple, his stake was 10%. On 12th April 1976, Wayne relinquished his equity for a sum of $800. He left the partnership because his slot machine company failed miserably. However, Jobs and Wozniak remained with Apple. Later Apple was converted into a corporation. He received $1,500 for the forfeiture.
He remained in Atari till 1978. In the 1990s, he sold the company agreement of Apple for $500. The contract was further auctioned for $1.6 million in 2011. He has got many patents.
In 2011, Ronald Wayne published a memoir entitled ‘Adventures of an Apple Founder’. In October 2011, he became the author of ‘Insolence of Office’, which is a socio-economic treatise. He has appeared in a documentary called ‘Welcome to Macintosh’. In the documentary, he has described his experiences with Apple Computer, Steve Wozniak, and Steve Jobs.
Awards & Achievements
Ronald Wayne has not won an award in his career. One of his biggest career achievements is to become the co-founder of Apple Computer. However, he sold his stake in the company which was 10%. He has also successfully released books.
Net Worth of Ronald Wayne
Ronald Wayne has an estimated net worth of more than $300 thousand. Despite being one of the co-founders of Apple Computers, he sold his stake in 1976 for $800. Had he kept his stake in Apple Inc. which was 10%, it would have become more than $75 billion in 2016. For the forfeiture, Wayne received $1500. This amount would have been equivalent to almost $9,000 in 2016. He did form his own company in 1971, but it did not work out.
Ronald Wayne is considered one of the most popular electronics industry workers in the world. He is best known to be Apple Computer’s co-founder. Although he has stated that he has no regrets for selling his stakes, he would have been a multi-billionaire had he kept his stakes with the company. His involvement with Apple was for a very short period and he has got more than 10 patents.