Remember Ron Wayne, Co-Founder of Apple?

by jim on June 24th, 2010

Yeah, me neither… it turns out that Ron Wayne was one of the co-founders of Apple, along with Steve Wozniak and Steve Jobs, and left with a payout of $800. His name is on the legal documents that created Apple and Wayne became friends with Jobs while both worked at Atari Corporation. Had Wayne stayed on, his 10% share would be worth $22 billion today. Wayne role was to be the documents and mediation guy and that role came with a 10% share of the company.

Eleven days after Apple was formed, Wayne removed himself from the company charter. He eventually was given $800 for his stake in Apple, and he let go of that valuable Apple stock, which has exploded in value since.

That… sucks.

The gambling man who co-founded Apple and left for $800 [CNN]

RSS Subscribe Like this article? Get all the latest articles sent to your email for free every day. Just click "Subscribe" and enter your email. Your email will only be used for this daily subscription and you can unsubscribe anytime.

3 Responses to “Remember Ron Wayne, Co-Founder of Apple?”

  1. Ben Says:

    It’s nothing of the same magnitude but I bet the guy who co-hosted the first season of American Idol is kicking himself for leaving now that the show exploded. Not a billion dollar mistake but with the popularity of AI, could certainly have been a million dollar one over the course of his career.

  2. Weekly Recap: Made in China | DINKS Finance Says:

    [...] Remember Ron Wayne, Co-Founder of Apple? @ Wangarific [...]

  3. Weekly Roundup: Babies, Blogs, & Prenups | Budgets Are Sexy Says:

    [...] Remember Ron Wayne, Co-Founder of Apple? @ Wangarific [...]

Leave a Reply