Apple Co-Founder Ronald Wayne sold His 10% Stake in Apple on This Day in 1976

Ronald-Wayne

On April 12th 1976, one of the three co-founders of Apple Computer sold his stake in the company for $2,300. Ronald Wayne says that at that time with the information that was available to him, that was the best decision he made. Unlike Steve Jobs and Steve Wozniak, Wayne had capital on the line and stood to lose all his assets in the chance that the emerging technology firm went under.

After retreating from Apple, he went on to an industrious career as an engineer in firms like the Lawrence Livermore National Laboratory and others. After that, he opened a stamp shop before finally retiring to Pahrump, Nevada. Had Wayne held on to his stake in the company, it would currently be worth nearly $60 billion. Apple is the most valuable company in the world at the moment and of Wednesday’s close, the company’s market capital amounted to just under $585 billion.

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