Pixar’s 1995 IPO Made Steve Jobs a Billionaire Before His Apple Return
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Steve Jobs became a billionaire through Pixar’s 1995 stock market debut, nearly a decade after buying Lucasfilm’s computer graphics division.
Steve Jobs reached billionaire status through Pixar rather than Apple, following the animation company’s initial public offering in November 1995.
The investment began on February 3, 1986, when Jobs paid $10 million for Lucasfilm’s computer graphics division. He renamed the business Pixar and held approximately 70% of its equity.
Pixar priced its IPO at $22 per share on November 29, 1995. The listing made Jobs a billionaire before he returned to Apple in 1997.
Disney acquired Pixar in 2006, two decades after Jobs purchased the operation from George Lucas.
Source: Bitcoin.com News
