Ron Wayne’s $3.1 Billion Mistake
On the day Apple was founded, here’s how the founders divided the shares:
Steve Jobs — 45%
Steve Wozniak — 45%
Ronald Wayne — 10%
You’ve heard of Steve Jobs. You’ve heard of Steve Wozniak.
You probably haven’t heard of Ronald Wayne.
Why? Because Wayne didn’t last.
12 days after they founded Apple, Wayne sold his 10% stake for $800. One year later, he forfeited any potential future claims for $1,500.
In total, he walked away from Apple with $2,300.
In 2018, when Apple became the first $1 trillion company, his shares would’ve been worth $100 billion.
Today, with Apple’s market cap hovering around 2.87 trillion… it’s worth a lot more.
It doesn’t end there.
In the 1990s, Wayne sold his copy of Apple’s original founding documents for $500.
In 2011, the same documents were auctioned off by the buyer for nearly $1.6 million at a Sotheby’s auction.
We All Make Mistakes
In many ways, we all can kind of feel Ronald Wayne’s pain.
We’ve all missed the boat. Made mistakes. Have regrets.
Regret is a powerful teacher. That is, if we can learn from it.
Truth is, 99% missed the boat on today’s titans.
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