Everybody knows that Steve Jobs was a genius, visionary, and a billionaire when he died. He had a net worth of 7 billion dollar when he died in 2011. But a majority of people don’t know that it was not Apple that made him billionaire.
Jobs invested in Pixar during his time outside Apple. He invested more than $5 million dollar in Pixar in early 1986 that was a very huge amount at that time and the success came to him after the massive box office hit, Toy Story by Pixar’s first feature-length animated movie. This flick made a worldwide box office collection of whopping $358 million.
The share of Pixar that used to be Priced at $22 per share, Pixar (or PIXR, as it appears on the NASDAQ) hit a high of $49.50 and his millions converted into billions overnight.
Pixar was one of the first tech companies to experience highly profitable IPOs during the tech boom of the mid-to-late-1990s. The company went public in 1995 and Steve Job had 80% share of the company. Later on he sold Pixar to Walt Disney in 2006 for over $7 billion.