Any career we take can move easily move us to our destiny with just a simple move of integrity and commitment. Mike Markkula can agree with this statement 100% as it the story of his life and career. His career is just the same with many others but he took it a notch higher which made him an investment sought by many. Below is more of Mike Markkula’s net worth in 2019.
Early Life & Biography
Mike Markkula was born Armas Clifford “Mike” Markkula Jr. on 11th February 1942. His great-grandfather was known as Isak Ferdinand Markkula and was born in Sievi, Finland. He and his wife later moved from Finland to the United States between 1865 and 1883 (the exact year has not yet been established it all depends on the source of the information.
Mike Markkula obtained his first name Armas and his last name Markkula from his Finnish great grandparents. The name Armas means “beloved”, or “dear” in the Finish language. Mike attended University of Southern California and earned a Bachelor of Science and later did Master of Science degree in electrical engineering.
Mike Markkula is a successful family man and have been married to his wife Linda for more than 30 years now. The couple moved to United States in 1985 and settled there to date. It is however not clear whether the two have children or not.
Career, Awards & Nominations
He first worked as a marketing manager for Intel and Fairchild Semiconductor and retired at 32 years. Steve Jobs lured him to retire from Fairchild Semiconductor and Intel. Mike joined Apple Company in 1977 with 250,000 US dollars ($80,000 was his equity investment in the company while $170,000 was a loan). He became employee number 3 and one-third owner of Apple. Although Steve Wozniak was responsible for designing the first two Apple computers, he credits Mike for the overall success of Apple Company.
He helped the new Apple Company venture capital and obtain credit. He brought in Michael Scott and made him the first CEO and president of the company before taking over that position between 1981 and 1983. Although he had promised his wife he was going to work for Apple Company until 1984, he was unable to retire.
After dropping the CEO and president’s position, he became the chairman from 1985-97. After Steve Job returned to the company, a new board was formed and a new chairman was appointed. Mike also played many other roles in the company which include: wrote a number of Apple II programs, became a beta tester for Apple software and hardware among many others.
Net Worth & Earnings
Mike Markkula is among the richest men in the universe. He has an estimated net worth of more than $1.5 billion. Much of his wealth is from the roles he played in Apple Company together with his shares in the company. Although he later left Apple and joined several other companies, he spent much of his career life at Apple.
After Mike retired from Apple Company, he went on to work with ACM Aviation, Echelon Corporation, Rana Greek Habitat Restoration, San Jose Jet Center among many others. He is also an investor in Crowd Technologies as well as Scotland based LiveCode, Ltd.