Who is Ronald Wayne? The Apple co-founder who gave up a $400 billion fortune
Ronald Wayne, Apple's third co-founder, sold his 10% stake for $800 just 12 days after the company's formation in 1976. Today, that stake would be worth over $400 billion, but Wayne insists he made the right decision to avoid financial risk.
Ronald Wayne co-founded Apple with Steve Jobs and Steve Wozniak in April 1976. He drafted the original partnership agreement, designed Apple's first logo, and served as a steadying influence. However, Wayne left Apple just 12 days later, selling his 10% stake for $800 due to concerns over personal financial risk. At the time, Apple was a general partnership, making all founders personally responsible for debts. Wayne's decision meant avoiding potential financial stress and exposure. Today, his 10% stake would be worth over $400 billion, but he believes he made the right choice. Wayne is now in his 90s and lives in Nevada.
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