STEVE JOBS CASHES IN HIS ANNUAL PAYCHECK
How much money do you think Apple’s co-founder and CEO earns? A trillion dollars? Nope, just one trillionth of that. Yep, Apple reported Friday, Steve’s 2010 compensation of just one dollar.
This is great news for Jobs because he has been saving up all year to buy Angry Birds for his iPhone. Hardly. Even though Steve’s annual compensation barely covers the cost of a Sprite, he is worth billions.
Steve owns 5.5 million shares of Apple stock. Each share is currently worth $338.10. Do the math, that’s $1,859,550,000.00. That’s right, “El Jobso” can also afford the iPad version of Angry Birds.
Let’s not forget about Disney. In 2006, Jobs sold Pixar to Disney. He walked away from the deal with 7% (138 million shares) of Disney’s stock, which is currently worth $5,444,100,000.00.
How about his pocket money? Well, Disney is currently paying forty cents per share yearly in dividends. That’s over fifty million dollars a year for our “iLeader”.
Things get even better for Steve, the amount of money he makes would put most people in a pretty high tax bracket. However, dividend income is only taxed at 15%, likely far less then you are being taxed. Yep and his yearly income from from Apple? Just 1$.