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Ronald Wayne joined Steve Jobs and Steve Wozniak to found Apple on April 1, 1976. Wayne met Jobs at Atari and exercised administrative oversight in Apple’s early days, but sold his 10% stake less than two weeks later for $ 800 plus $ 1,500 a year. cancel any claims later (about $ 11,000 today).
Among other things, Wayne turned down the offer because he was worried that creditors might confiscate his assets. All three partners took on equal responsibility for the company’s debts, but Wayne was the only one who had something to lose.
If he had kept his 10% stake in Apple, Wayne would have been a multibillionaire, but in an interview he said he lived without regrets and made the best decision based on the information he had at the time. After leaving Apple, he returned to Atari and has since retired to a mobile home park in Pahrump, Nevada, where he sells stamps and rare coins.
The first Apple product Wayne ever owned was the iPad 2 that was given to him.