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Apple's Founders Contract Sells for $1.6 Million

Posted on June 09 2017

In 1976, he had a chance to partner with Steve Jobs and Steve Wozniak to build Apple. He had a 10% stake in the company. But, he decided it wasn't for him, so he left and sold back his stake for $800. 

Today, 10% of Apple is worth $36.4 billion. (Odds are he would have sold much of his stake by now for millions.)

Ouch, right? Well, it can't get worse.

In 1994, Wayne decided to sell the founding Apple contract for a few thousand dollars. He thought the company was going to come crashing down, and they'd be worthless.

The man who bought them, Wade Saadi, decided to auction them off through Sotheby's this week, cashing in on the frenzy around Apple and Steve Jobs.

The papers were valued at $150,000, but Bloomberg reports they sold for $1.6 million.

By Jay Yarow

Billionaire Collectibles

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