Ronald Wayne Net Worth is$300 Thousand
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Date of Birth: May 17, 1934
What is Ronald Wayne's net worth? Ronald Wayne's net worth is $300 thousand dollars. Born in Cleveland, Ohio, Ronald Wayne was one of the original founders of Apple, Inc. A co-worker of Steve Jobs at Atari, he, Jobs, and Steve Wozniak broke off to create Apple Computers in 1976. The oldest member of the three-man team, Mr. Wayne had sunk personal assets into the business, and became worried that the project was going to run his finances into the ground. He drew the first logo for Apple, drafted the original agreement between the Apple founders, and wrote the manual for the first Apple computer, but decided to relinquish his 10% of the company for a payout of $800 US, two weeks after the company was officially established. When the company became an official corporation, he was paid an additional $1500 US to give up all rights of ownership. He went back to working at Atari and later owned a stamp shop. He is now retired, and is currently working on his memoirs, and a book about the Constitution and its historic relevance, both of which will be published in 2011. Had Ronald held on to his 10% Apple stake, it would be worth $22 billion today!
Ronald Gerald Wayne (born May 17, 1934) founded Apple Computer (now Apple Inc.) with Steve Wozniak and Steve Jobs but soon gave up his share of the new company for a total of $2,300.
Wayne was born in Cleveland, Ohio, United States. He worked with Steve Jobs at Atari before he, Jobs, and Wozniak founded Apple Computer on April 1, 1976. Serving as the venture's "adult supervision", Wayne drew the first Apple logo, wrote the three men's original partnership agreement, and wrote the Apple I manual.
Wayne received a 10% stake in Apple but relinquished his stock for US$800 less than two weeks later, on April 13, 1976. Legally, all members of a partnership are personally responsible for any debts incurred by any partner; unlike Jobs and Wozniak, then 21 and 25, Wayne had personal assets that potential creditors could seize. The failure of a slot machine company that he had started five years earlier also contributed to his decision to exit the partnership.
Later that year, venture capitalist Arthur Rock and Mike Markkula helped develop a business plan and convert the partnership to a corporation. Wayne received another check, for $1,500, for his agreement to forfeit any claims against the new company. In its first year of operations (1976), Apple's sales reached US$174,000. In 1977, sales rose to US$2.7 million, in 1978 to US$7.8 million, and in 1980 to US$117 million. By 1982 Apple had a billion dollars in annual sales. He claimed that he did not regret selling the stock as he had made the "best decision with the information available to me at the time."
Wayne also stated that he felt the Apple enterprise "would be successful, but at the same time there would be bumps along the way and I couldn't risk it. I had already had a rather unfortunate business experience before. I was getting too old and those two were whirlwinds. It was like having a tiger by the tail and I couldn't keep up with these guys." Had he kept his 10% stock it would be worth over 35 billio

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