Mike Markkula Net Worth | Approximately $1.2 billion was estimated to be Mike Markkula’s net worth in 2012, according to Forbes magazine. As Apple Inc.’s second Chief Executive Officer, he is perhaps most remembered for this accomplishment. Known for his work as an angel investor and the company’s second CEO, Mike Markkula is a well-known American businessman. As of this writing, Mike Markkula has a net worth of $1.2 billion.
About Mike Markkula
For Steve Jobs and Steve Wozniak to start a company and mass-produce the Apple II computer, Mike provided them with the funds they needed. Apple is now a multi-trillion-dollar firm with a market capitalization in excess of $1 trillion. Having served on the company’s board of directors for 20 years, from 1977 to 1997, he was the member with the most experience.
Mike Markkula Net Worth
- Mike Markkula, actual name Armas Clifford Markkula, Jr., is a graduate of Southern California with a degree in electrical engineering. Encouraged,
- Markkula invested US$250,000 (US$170,000 in the form of a loan and US$80,000 in the form of equity investment).
- Mike Markkula succeeded Michael Scott as CEO and president of the business from 1981 until 1983.
- Despite his pledge to his wife that he would stay at Apple for just four years,
- Markkula served as Chairman of the firm from 1985 to 1997.
In addition to Apple, Mike Markkula has ventured into a number of other enterprises, including Crowd Technologies and RunRev, among others. Besides that, he launched ACM Aviation, Rana Creek Habitat Restoration, the San Jose Jet Center, and the Echelon Corporation, among other businesses and organizations. Mike Markkula’s father, Armas Clifford “Mike” Markkula Jr., was born on February 11, 1942, in Los Angeles, California, and raised there.
Apple was first considered a side project by Mike. Indeed, he had told his wife that he would not work at the startup for more than four years if the company failed. He ended up working for the company for about two decades in all.
The overall amount of Mike’s investment in Apple would be $250,000, including $80,000 in shares and $170,000 in loan funds. As a consequence of the investment, Mike became the third owner of Apple and the third formal employee of the company.