In fact, Steve Jobs has not become a billionaire thanks to Apple’s management – but rather from his work with this film company
“To infinity and beyond!” It wasn’t just a match Toy story“Buzz Lightyear – it was a turning point that turned Steve Jobs into a billionaire.
After the power struggle, which in 1985 pushed jobs from Apple, he bought Jobsfilm’s computer graphic division next year for $ 10 million. The seller was George Lucas, fresh Star Wars empire. This small acquisition would soon be renamed Pixar – and would change Hollywood and Jobs’ Fortune forever.
The company got to a rocky beginning, challenging Jobs that it was selling them several times, partly because it had to personally cover its monthly lack of cash. But in 1995, Jobs believed that Pixar was ready for primetime. In November of the week he would release his first film movie, The story of toys, Like the starting year of IPO.
Lawrence Levy, then CFO, wrote that it reminded him of 100 meters of sprint in the Olympic Games: lifelong training that comes to the film’s performance.
“If the world fell in love.” The story of toys, Pixar would have a chance to introduce a new era of animated entertainment, ”he said in his book, Pixar and further: My unlikely path with Steve Jobs to create the history of entertainment.
“If that was not the case, Pixar could be written off as another company that tried, but never completely hit the brand.”
Ipo that made employment a billionaire
As 80% of Pixar owner, IPO stakes was even higher for jobs. If everything went well, he hoped that some return on Pixar would take place. If everything went south, it could close the door in any future cooperation with Disney and led to a waste of decades of his business life.
Fortunately, all the expectations were broken. It was assumed that the initial price of Pixar’s shares would reach between $ 12 and 14, but at the end of the first day of trading it was 175% more, for $ 39 per share. It was largely thanks The story of toys, With Tom Hanks and Tim Allen, as the main voices, they almost doubled her expectations of the cash register. Jobs’ Stake senses its net fortunes rising to more than $ 1 billion.
Jobs would later reconnect to Apple in 1997, but remained involved in Pixar because the hit hit Finding Nemo, Incredibles and Ratatouille– It brings hundreds of millions of dollars around the world. Disney fully acquired Pixar for about $ 7.4 billion in 2006. A great share was worth about $ 4.6 billion.
Overall, Jobs’s willingness to watch his instincts with Pixar is an old advice that one of the keys to success is to find your passion and put all energy into it.
“No matter what you do next, the world needs your energy, your passion, your impatience with progress,” said Apple CEO Tim Cook in 2015. “History rarely brings one person, but think and never forget what happens when it happens.”
Finding happiness outside their main society
The work is not alone in the fact that they are the head of the company that has gained the importance of wealth beyond what they are primary. Elon Musk has a similar story.
While the richest person in the world is now known to be the leader of Tesla and SpaceX, Hearst gathered his fortune. Musk sold his first company, ZIP2, Altavist for more than $ 300 million. He also earned millions through the creation of PayPal, which was created from Musk Online Financial Services Company X.com, with confidence software, co -founded by billionaire Peter Thiel.
Similarly, billionaire Richard Branson did not earn all his money from focusing on his airy and space companies, Virgin Atlantic and Virgin Galactic. Tea In fact, a 75 -year -old British serial entrepreneur has become a billionaire in part thanks to his chain of record shops called Virgin Records. It started in 1971 and later expanded to a musical label presented by artists like The Rolling Stones and Janet Jackson. Branson later sold Virgin Records in 1992 to the British conglomerate Thorn EMI worth $ 1 billion.
(Tagstotranslate) animation