Ronald Wayne is a famous American who retired from the electronics industry. He has been popular due to being the co-founder of the Apple Computer with whom they founded together with Steve Wozniak as well as Steve Jobs. He, however, sold his shares in the company for $800 thousand. After selling his shares, he joined Lawrence Livermore National Laboratory. In addition to this, he is an author of the ‘Adventures of an Apple Founder.’ Now let’s have a close look at the net worth of Ronald Wayne in 2020.
Early Life & Biography
Ronald Wayne was born on 17th May in the year 1934 in Cleveland in Ohio. He studied and graduated from the school of Industrial Arts in the New York City from which he graduated from this school in the year 1953. In this school, he got training in the coursework from which he got trained as a technical draftsman. After completion of his studies, he then moved to California while at the age of 22 years.
Wayne has never married throughout his entire life in which he openly said that he was gay in the year 1974. They had good relationship matters with Steve Jobs despite him being gay in which both of them were employees at Atari though no one knew that he was gay.
Career, Awards & Nominations
Ronald Wayne commenced his professional career in the year 1971 through which he started his own business. His company was majored in selling slot machine though it became a failure and had to end it. Following the failure of the first investment in this company, Ronald Wayne began working in Atari from which they later collaborated with Steve Wozniak and Steve Jobs in the year 1976 from which they then founded Apple Computer. Ronald Wayne was responsible for drawing the first logo of Apple in which he was also the partnership agreement writer between the three men. In addition to this, he was also responsible of the writing of the Apple I manual.
He had a share of 10% in this company though he relinquished all his share equity which was summed up to $800 thousand on 12th April 1976. Ronald Wayne left the partnership due to the miserable failure of his company which was selling the slot machines. On leaving the company, Wozniak and Jobs remained in the partnership for the apple with him they converted it to a corporation. Ronald Wayne then received $1,500 thousand on his forfeiture.
Though he had left Apple, Ronald remained at Atari until the year 1978 when he left. After this, he then sold his agreement on Apple in the 1990s from which he sold it for $500 thousand, but this was later auctioned for $1.6 Million in the year 2011 as it had many patents in it. Ronald Wayne has also published a memoir which is known as Adventures of an Apple Founder in the year 2011.
He also became the author of a socio-economic treatise which is known as Insolence of Office in the year 2011. In addition to this, he has also featured in a documentary known as Welcome to Macintosh from which he describes the experienced with Apple Computer, Steve Jobs as well as Steve Wozniak. He has had one of his most significant achievements in his career by becoming the co-founder of the Apple Computer as well as releasing books successfully.
Net Worth & Earnings
Ronald Wayne has an estimated net worth of $500 thousand. This comes from the earnings he has made as the co-founder of the Apple Computers though he sold his equity share in the year 1976 for $800 thousand which would otherwise be equivalent to $75 billion in the recent past. In addition to this, he also formed his own company though it failed.
Being one of the co-founders of the Apple Computer, he is considered to be one of the most famous electronics industry workers globally. He would be a multi-billionaire if he would have maintained the partnership though he says that he does not regret his action.