Book
Steve Jobs:
He became a millionaire
at the age of 25
Many books were published about Steve
Jobs including a 626-page book by Wal-
ter Isaacson, the managing editor of Time
Magazine and the former chairman and
CEO of CNN, a book by Leander Kahney
titled “Inside Steve›s Brain” and other pub-
lications which we summarize in a number
of consecutive parts.
The Youngest Millionaire …
Steve Jobs chose two investment banks
to be in charge of Apple’s IPO namely
Morgan Stanley, Wall Street’s prominent
banking institution and the unconventional
and limited investment bank, San Fran-
cisco-based Hambrecht & Quist. About
the IPO, Bill Hambrecht said that Steve
treated the Morgan Stanley employees
rudely as it was a very lousy institution at
the time.
In the morning of 12 December 1980, Ap-
ple went public and stocks were priced at
$22 per stock and rose to $29 per stock
on the first day, making Steve Jobs the
youngest millionaire with a total wealth of
$256 million, at the age of 25.
Objects Jobs Loves …
Although Steve Jobs was an anti-ma-
terialistic hippie, he had a great love for
some material objects, especially those
that were finely designed and crafted such
as Porsche and Mercedes cars, Henckels
knives, Braun appliances, BMW motor-
cycles, Ansel Adams prints, Bösendorfer
pianos and Bang & Olufsen audio equip-
ment. Yet, Steve Jobs lived in houses that
were furnished so simply they would have
put a Shaker to shame.
Thirty years after Apple went public, he
reflected on what it was like to come into
money suddenly:
I never worried about money. I grew up in
a middle-class family, so I never thought I
I
t was the tumultuous life led by Steve Jobs that enabled him to spark revolutions in six different
industries around the world such as personal computers, animation movies, music, phones, tablet
computers, digital publishing, as well as the revolution he caused in the application-based digital
content market. Therefore, we may consider his apple, the logo of Apple Inc., to be the third apple to
change the world after Adam’s and that which led Newton to gravity law.
I was volun-
tarily poor
I made a
promise to
myself that
I’m not going
to let money
ruin my life
(Episode 11)
