Steve Jobs Jumps Up to 42nd Richest American, Says Forbes
Posted 09/23/2010 at 5:30am
| by J.R. Bookwalter

(Image courtesy of AllThingsD)
Despite having a net worth of $6.1 billion thanks to a long string of wildly popular Apple products (and even more to his ties to Disney), CEO Steve Jobs has only come in at 42 on a new list of the 400 wealthiest Americans.
AppleInsider is reporting that Apple CEO Steve Jobs jumped up one spot in this year’s Forbes magazine list of the 400 Richest Americans, landing at number 42 with $6.1 billion. That’s a net worth increase of $1 billion over 2009’s $5.1 billion, which saw the executive stumble a bit from the $5.7 billion made during the two previous years.
Of course, Apple isn’t actually Jobs’ main bread & butter these days -- that comes from being the largest stockholder of Walt Disney Co., thanks to the company’s 2006 acquisition of Pixar. At the time of that deal, Jobs owned half of the Toy Story creator’s stock, which was then converted into 138 million shares of Disney stock, valued at the time at $4 billion (it’s currently valued at approximately $4.4 billion).
Jobs famously runs Apple with a $1 annual salary as CEO, although that doesn’t factor in the millions he receives in company stock for spearheading such successful product launches as the iPhone, iPod touch and iPad.
Forbes calculates their list results in August, and the list has created a swirl of controversy this year with the news that Facebook founder Mark Zuckerberg has actually sailed past Jobs this year to land in 35th place with a net worth of $6.9 billion.
So who is the big kahuna at the top of the Forbes list this year? No surprises here, it’s Microsoft co-founder Bill Gates with a net worth of $54 billion -- for the 17th year in a row.
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