Apple co-founder who sold his share for $800 has no regrets
Ronald Wayne's 10% share in Apple would be worth £13.6bn
By Nick Spence | Macworld UK | Published: 12:53, 19 April 2010
Working alongside Steve Jobs and Steve Wozniak, Wayne was given a 10 percent share in Apple but quickly sold them for just $800 in 1976.
A report in the News Of The World this morning claims those shares would now likely be worth £13.6 billion. Under the headline 'If Only iPad Known,' Wayne tells the tabloid newspaper he has no regrets over the decision.
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"If I had stayed I would be incredibly wealthy but I would have wound up the richest man in the cemetery - dying of a heart attack."
"The thing that made me pull out was that Jobs had borrowed $15,000 to buy the materials to make computers. I was in debt for $1,500 - my ten per cent of that - and I had no idea where I would get that money. I had enough stress in my life and I couldn't take any more. I was looking for a quiet life."
The tabloid reports Wayne, 75, who now lives on a small state pension, in a modest home in the retiree town of Pahrump, Nevada, US, had no idea Apple would become such a big company.
"I made my decision on the information I had at the time and it was the correct one. Hindsight is a wonderful thing, but I have no regrets."
"I could be wealthy. People are always asking me, 'What if ?' But life is too short. I've got my health, my family and integrity - and that is the best fortune you could ask for."