Mike Markkula Net Worth

Net Worth:$1.5 Billion
Date of Birth: February 11, 1942 (82 years old)
Profession:Entrepreneur, Businessperson, Investor, and Venture Capitalist
Nationality:United States of America

What is Mike Markkula’s net worth? How does Mike Markkula make his money? Below is the current net worth of Mike Markkula and how Mike Markkula makes his money.

What is Mike Markkula’s Net Worth?

Mike Markkula is an American entrepreneur, investor, and venture capitalist who has a net worth of $1.5 billion. Mike Markkula is the 2nd Chief Executive Officer of Apple.

According to the history of Apple, Mike Markkula is the longest-serving board member of Apple. He has worked at Apple for 20 years. prior to his resignation from Apple, Mike Markkula was the startup’s primary bug-finder and product tester he also contributed enormously to writing numerous programs for the Apple II.

Early Life

Armas Clifford notably known as Mike Markkula was born on 11 February 1942 in Los Angeles, California. Mike Markkula is an alumnus of the University of Southern California and obtained his bachelor’s and master’s degrees in electrical engineering from the aforementioned institution.

Apple Investment

Three internet experts named Steve Jobs, Steve Wozniak, and Ronald Wayne founded Apple in 1976. Mike came to have an acquaintance with Steve Jobs through one of Apple’s Venture capitalists named Don Valentine.

Mike invested $250,000 in Apple, $80,000 was an equity investment and $170,000 was a loan.

Mike Markkula soon realized that neither Jobs nor Wozniak had the exquisite skills or expertise to run a public company as a Chief Executive Officer. Mike Markkula employed Michael Scott in 1977 who went on to serve as Apple’s CEO until 1981.

Steve Jobs Retrenchment

In the management contention that affected the activities of the company, Mike Markkula in alliance with Sculley revolted against Steve Jobs, the latter felt exasperated and betrayed most especially for Mike’s involvement in the wrangle. Steve Jobs left Apple and sold off the 20% shares he had in the company.

Other Pursuit

In 1997, Steve Jobs returned to Apple by this time Mike Markkula tendered his resignation from Apple. Following his resignation, he invested in numerous companies, such as the famous Crowd Technologies and LiveCode, Ltd.

Personal Relationship

Mike Markkuala got married to his wife Linda. Over the years they have given millions of dollars to Santa Clara University which is now home to the Markkula Center for Applied Ethics.

Real Estate

Mike and his wife Linda bought a 14,000-square-foot ranch worth $8 million in Carmel Valley, California. The home consists of several guest houses. The couple listed the home for sale in 2013 at a staggering amount of $60 million.

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