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Apple CEO is 42nd richest American

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According to the annual list of the 400 richest Americans, Apple CEO Steve Jobs is 42nd on the list with a net worth of US$6.1 billion. Last year he had a net worth of $5.1 billion.


The CEO only draws one buck a year in salary, but makes a bundle of cash from Apple stock options. Globally, Jobs ranks 136 on the list of billionaires, according to “Forbes.”

Here’s what “Forbes” has to say about Jobs: “In January he unveiled Apple’s iPad tablet amid a media frenzy; the device has so far beaten the hype with more than 3 million sold since April. In May Apple’s market cap overtook Microsoft’s to become the most valuable tech company in the world. Despite a super-publicized antenna problem, Apple’s latest iPhone sold 1.7 million units 3 days after launch. Majority of fortune comes from Disney; as largest shareholder owns about $4.4 billion of stock. Reed College dropout founded Apple 1976.”

Bill Gates is ranks number one among the 400 riches Americans with a net worth of $54 billion. Also in the top five are: Warren Buffett ($45 billion); Larry Ellison ($27 billion), Christy Walton ($24 billion) and Charles Koch ($21.5 billion).

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