ECONOMYTechnology

Pathetic Story Behind a Co-Founder of Apple

In a surprising turn of events, Apple, the technology giant, reached a milestone earlier this year by becoming a 3 trillion dollar company. This valuation surpasses the combined worth of the entire African continent. Apple’s success is evident as it became the first publicly traded company to achieve such a feat, surpassing other tech giants like Amazon, Microsoft, Tesla, Google, and Facebook. The demand for Apple’s latest product, the iPhone 13, has contributed significantly to its financial success.

However, amidst this impressive achievement, there is a heartbreaking story about one of the co-founders of Apple, Ronald Wayne. Wayne played a crucial role in the early days of Apple as he co-founded Apple Computer, now known as Apple Inc., alongside Steve Jobs and Steve Wozniak. He was responsible for designing the first logo, drafting the original agreement between the co-founders, and writing the first manual for their initial computer.



In exchange for his contributions, Wayne was offered a 10% share in the company. Unfortunately, just twelve days after joining Apple, Wayne decided to remove his name from the contract. He sold his 10% share back to Jobs and Wozniak for a mere $800. A year later, he signed an agreement forfeiting all ownership rights for an additional $1,500. Wayne’s decision was motivated by the financial burden he believed Apple would impose on him due to its mounting debts.

Little did Wayne know that if he had held onto his 10% share, he would have become one of the wealthiest individuals on earth with a net worth exceeding 100 billion dollars today. Instead, he currently has a net worth below the million-dollar mark, a stark contrast to what could have been.

This story serves as a reminder that greatness often requires sacrifices. Wayne’s fear of financial obligations prevented him from seizing the opportunity of a lifetime. He now lives with regret, knowing that he had the chance to change his life forever.

The lesson here is to invest in opportunities that show promise for the future. It may require endurance, persistence, and belief in oneself, but the rewards can be extraordinary. The future belongs to those who are willing to take risks and pursue victory. Wayne’s story serves as a cautionary tale for those who hesitate when faced with life-changing opportunities.

Shey Julius Nkuh

A Conflict Resolution graduate currently persuing Master's Degree in the University of Buea, Cameroon. Believes in the role of the media as an educational, informational and entertainment tool . He is also passionate about creating awareness to societal crisis. For this reason, has dedicated most of his time to charity. He derives pleasure in blogging and creating contents for you.

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2 Comments

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