Steve Jobs Didn’t Become a Billionaire Thanks to Apple. He Got Rich From a Company He Bought From George Lucas
On February 3, 1986, Steve Jobs bought Lucasfilm’s computer graphics unit from George Lucas for $10 million and renamed it Pixar, taking roughly a 70% stake. Pixar’s November 29, 1995 IPO priced shares at $22 and made Jobs a billionaire years before his 1997 return to Apple, and Disney later acquired Pixar in 2006 for […]
AI summary
This article recounts Steve Jobs' 1986 purchase of Lucasfilm's computer graphics unit for $10 million, which he renamed Pixar and in which he held roughly a 70% stake. Pixar's 1995 IPO at $22 per share made Jobs a billionaire, and Disney later acquired the company in 2006. The story is historical and has no bearing on current crypto markets or prices.
